Can ETH reach $ 2,000 before the Shanghai upgrade on April 12th? (Ethereum price analysis)

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Der Preis von Ethereum hat endlich ein wichtiges Widerstandsniveau überschritten und steigt weiter an. Allerdings zeigt der RSI derzeit einige Warnsignale. Technische Analyse Von: Edris Das Tageschart Auf dem Tages-Chart überwindet der Preis nach mehreren erneuten Tests endlich die durchbrochene Widerstandsmarke von 1800 $. Die obere Grenze des großen symmetrischen Dreiecks hat den Preis ebenfalls unterstützt und ihn Anfang letzter Woche wieder höher über die 1800-Dollar-Marke gedrückt. Derzeit könnte der Preis von einem klassischen Preisaktionsstandpunkt aus in Richtung der 2300 $-Marke steigen. Der RSI-Indikator sollte jedoch genau beobachtet werden, da er sich dem überkauften Bereich nähert, was zu einer Korrektur …
The price of Ethereum has finally exceeded an important level of resistance and continues to rise. However, the RSI is currently showing some warning signals. Technical analysis of: EDRIS The daily-type on the daily chart, the price after several renewed tests finally overcomes the broken resistance mark of $ 1800. The upper limit of the large symmetrical triangle also supported the price and pressed it over the $ 1800 mark again at the beginning of last week. The price could currently rise from a classic price campaign point towards the $ 2300 brand. However, the RSI indicator should be observed closely because it approaches the overbought area, which for a correction ... (Symbolbild/KNAT)

The price of Ethereum has finally exceeded an important level of resistance and continues to rise. However, the RSI is currently showing some warning signals.

technical analysis

from: Edris

the daily -type

on the daily chart, the price finally overcomes the open resistance brand of $ 1800 after several renewed tests. The upper limit of the large symmetrical triangle also supported the price and pressed it over the 1800 dollar brand again at the beginning of last week.

At the moment, the price could increase from a classic price campaign point towards the $ 2300 mark. However, the RSI indicator should be observed closely because it approaches the overbought area, which could lead to a correction or reversal.

In the event of a decline, the $ 1800 mark could again be seen as a probable support zone to keep the market.

eth_price_chart_0504231 Tradingview

The 4-hour diagram

In the 4-hour time frame, it is obvious that the price finally broke out of the narrow consolidation zone between the upper limit of the symmetrical triangle and the resistance mark of $ 1850.

While this is considered as an interest bully signal, since the price reaches a new higher high, the RSI signals a clear overbought state in this time frame that could lead to a pullback or even a trend reversal in the short term.

Therefore, the level of $ 1850, followed by the area of ​​$ 1800 and the higher trend line of the triangle pattern, could be the potential goal when the market corrects.

ETH_PRICE_CHART_0504232 Tradingview

mood analysis

Ethereum Taker Buy Sell Ratio (SMA 100)

The price of Ethereum is reaching ever higher highs and lows and thus continues the latest upward trend. Nevertheless, the appointment market shows a worrying signal that a correction or reversal is not far away.

This diagram shows the Open Interest from Ethereum, which is a useful key figure for evaluating the mood on the futures market. High amounts to open interests indicate higher volatility, and conversely, a lower open interest is associated with lower volatility and steady spa trends.

This key figure has increased significantly in the past few days because the price of the $ 2,000 mark is approaching. Judging by earlier instances, the following are typically declining corrections or entire trend reversations.

Therefore, a drop in the price currently appears very likely, since a slight decline would lead to a long liquidation cascade and probably to a significant drop in price.

eth_oi_chart_0504231 Cryptoquant

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