PRICE ETAREUM maintains the movement inside an upward triangle, is another accident disrupted?
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Trend Diva code has provided an in -depth analysis of the current ETHEREUM price. It revealed that ETH is still moving inside Against triangle But he warned that he may suffer from more negative pressure if he fails to stay above the decisive support level.
The price of ETHEREUM is still in an upward triangle despite the last collapse
in Tradingvief Post,, Trend Diva revealed that the price of ETHEREUM is moving inside a clear upward triangle. The upper borders act as a long -term system, and the lower borders provide dynamic support. This analysis comes medium The last eth decreased Less than $ 2000.
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The analyst pointed out that after a fixed climb, the price of the ETHEREUM began to show weakness, which was confirmed by the head and shoulder pattern, which claimed to be a common sign that the trend might be reflected. This weakness led to a strong decrease in ETH, which led to a decrease in its price The main support area is about $ 2000.
Diva Trend stated that this support area is important for Ethereum price Since it meets with a major direction line, which makes it a possible place where buyers can intervene. She added that the sound profile also shows a lot of activity in this region, which means that merchants were interested in these levels before.
The analyst also noticed that if the price of the ETHEREUM is above This support is $ 2000It can bounce towards the level of $ 2800, which represents previous resistance. However, it revealed that the collapse below the direction line changes the bias about $ 1,414.
Currently, as long as ETH remains above $ 2000, the bounce to $ 2800 is still on the horizon.
It should be noted that the price of ETHEREUM has briefly lost the support level of $ 2000 after the collapse of the encryption market on Sunday. As such, there is also a possibility that it will decrease to up to $ 1414 as Diva Trend warned.
A decrease to a decrease of $ 1250 on cards
In X Publishing, The encryption analyst Ali Martinez He said that the price of Ethereum explodes from a parallel channel. He added that ETH can decrease to up to $ 1250 if the momentum maintains. ETH whales seem to do everything possible to defend the $ 2000 support zone and prevent ETHEREUM from declining to these new bottoms.
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Martinez revealed that The largest whale On the network I bought 330,000 ETH in the last 48 hours. The accumulation of huge whales can help prevent more negative pressure and possibly sparked a bullish reflection of the ETHEREUM price.
At the time of this report, the ETHEREUM price is traded by about 2065 dollars, a decrease of more than 5 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Istock, Chart from TradingView.com
