After the BTC Flash Crash, the ETH is aimed at ATH again
After the BTC Flash Crash, the ETH is aimed at ATH again
key support levels: $ 3,900
key resistance level: $ 4.380
Ethereum missed today to break the all -time high to break less than $ 5 and now prepare for another attempt after a sharp rejection (13% decline in Bitstamp). When we Before, Bitcoin flash crashed from and even fell by 87%for a second at Binance US. This pulled the entire market down, but it seems that the prices are now recovering.
The bulls quickly bought the support line at $ 3,900 after the price was rejected, which shows that this movement has the strength to drive us over the important resistance at $ 4,380, which is also the ETH all-time high.
Technical price indicators of ETH
volume: The volume increases every hour, which is very bullish, and another attempt to cross the all -time high seems to be present.
rsi: On the daily time frame, the RSI exceeded the 70-point mark, this signals a bullish market and that the bulls control the price action.
macd: The histogram shows higher highs of the past three days without signs of weakness. The tendency remains bullish as long as the MacD remains on the positive side.
bias
The ETH bias can be considered extremely Bullish, since the price was recently rejected at a very little distance from the all-time high and is now recovering.
At the time of this letter, ETH tries another break in resistance. However, it is interesting to see whether the bears reject the price on this important technical and psychological level.
Short -term price forecast for ETH
It is important to keep an eye on the price development around the level of $ 4,380. An impending break of this key level can lead to a quick price increase for Ethereum. If this happens, the next resistance levels can be found around the psychologically rounds such as $ 5,000 and $ 6,000. The support at $ 3,900 remained strong today and thus signals that the bulls continue to keep control.
.
Kommentare (0)