Here is the largest immninet support for Ethereum after the daily crash of 5 % (ETH price analysis)

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Von: Krypto News Österreich

Der Preis von Ethereum wurde nach den Turbulenzen um Silvergate von einem signifikanten Widerstandsniveau aus zurückgewiesen. Es stehen jedoch noch mehrere Unterstützungsstufen zur Verfügung, um den Preis vorerst zu halten. Technische Analyse Von: Edris Das Tageschart Im täglichen Zeitrahmen hat der Preis Mühe, die Marke von 1800 $ zu durchbrechen. Die höhere Grenze des großen symmetrischen Dreiecksmusters und eine rückläufige Ablehnung haben zum Zusammenbruch des gleitenden 50-Tage-Durchschnitts geführt, der sich um die 1600-Dollar-Marke befindet. Der gleitende 200-Tage-Durchschnitt, der bei etwa 1.400 $ liegt, scheint die nächste wahrscheinliche Unterstützungszone zu sein, gefolgt von 1.300 $, die getestet werden könnte, wenn ein …
The price of Ethereum was rejected after the turbulence around Silvergate from a significant level of resistance. However, there are still several support levels available to keep the price for the time being. Technical analysis of: EDRIS The daily daily time frame has trouble breaking through the $ 1,800 mark. The higher limit of the large symmetrical triangular pattern and a declining rejection have led to the collapse of the sliding 50-day average, which is around $ 1600 mark. The sliding 200-day average, which is around $ 1,400, seems to be the next probable support zone, followed by $ 1,300 that could be tested if a ... (Symbolbild/KNAT)

The price of Ethereum was rejected after the turbulence around Silvergate from a significant level of resistance. However, there are still several support levels available to keep the price for the time being.

technical analysis

from: Edris

the daily -type

In the daily time frame, the price tries to break the $ 1,800 mark. The higher limit of the large symmetrical triangular pattern and a declining rejection have led to the collapse of the sliding 50-day average, which is around $ 1600 brand.

The moving 200-day average, which is around $ 1,400, seems to be the next probable support zone, followed by $ 1,300 that could be tested if a lower pullback occurs.

eth_price_chart_0303231 Tradingview

The 4-hour diagram

On the 4-hour chart, the price was rejected by the $ 1650 mark and will soon test the $ 1500 support brand. If this level of support continues, ETH could again target the level of $ 1650 and the upper limit of the triangular pattern.

On the other hand, a collapse of the $ 1500 mark would probably lead to a lower decline in the direction of the $ 1350, since there is no significant support brand between these two levels. The RSI indicator also shows values ​​below 50 %, which indicates the dominance of the bears.

However, the RSI approaches the oversized area, which could lead to consolidation or bullish sweater at short notice.

Eth_Price_Chart_0303232 Tradingview

onchain analysis

of Shayan

The following diagram shows the metric of the estimated leverage ratio alongside the price of ETH. The metric measures the average leverage effect used by the appointment market participants. Usually increasing values ​​indicate that more investors are in the derivative market a high risk of leverage.

The estimated leverage ratio has risen slightly in the past few weeks, which shows that the futures market could be overheated due to the latest bullish price movements.

The metric has not yet reached worrying level, but if it continues to rise, the participants should be careful due to the possibility of a short or maybe even a long squeeze event. In this case, a sudden impulsive movement occurs in the price of Ethereum.

In summary, the behavior of the metric should be monitored in the coming weeks to avoid further losses.

Eth_leverage_Ratio_Chart_0303231 Cryptoquant

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