- ETHEREUM has decreased by more than 3 %, trading about $ 1.5,000.
- ETH references exceeded 49.85 million dollars throughout the market.
The Haboodi wave continues in the encryption market, where the main assets got a modern blow. The prolonged fear led to mixed feelings, and the largest altcoin, ETHEREUM (ETH) recorded a 3.74 % loss.
The ETHEREUM roller network is sufficient to prevent bulls from reaching. In the first hours, it was eth commerce In a high range of $ 1659. Gradually, strong bears pulled the price to a sign of $ 1558.
At the time of writing this report, ETHEREUM was traded at about 1580 dollars, as the daily trading volume rests at $ 13 billion. Moreover, the market noted $ 49.85 million from ETAREUM, according to Coinglass.
It is worth noting that his Galaxy Digital transfer 12500 ETH, worth about 20.28 million dollars, to Binance. Over the past four days, the company has transferred a total of 37500 ETH, at a value of approximately $ 60.4 million.
Is it time to enter ETHEREUM?
If the ETHEREUM price track continues on the downside, the price is likely to return to $ 1567. Strong bears can increase the speed of loss, and the original will witness more correction of about 1.4 thousand dollars or even less.
Assuming that ethical bulls lead to an upward step, the price may reach $ 1,621. Upon collapse, this level can work as support for bulls and send the original to a range of $ 1,690. Also, it may continue to recover.
MacD is less than the zero line, but the signal line is above it. This intersection indicates a mixed signal with a possible frequency in the ETH market.
In addition, the Chaikin Money Flow (CMF) indicates that the capital flows from the original. Meanwhile, ETHEREM’s daily trading volume decreased by 13.86 %.
The value of the power of the bull bear (BBP) from -63.45 Signs Strong downward pressure inside the market. Moreover, the daily relative strength index (RSI) located in 42.52 means the presence of a neutral area to a slightly landing.
Release responsibility: The opinion expressed in this article is only the author. It does not represent any investment advice. TENEWSCRYPTO team encourages everyone to conduct their own research before investing.
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