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Ethereum (eth) bears battles, will you spend a return?

  • ETHEREUM holds a steady near $ 1.5,000.
  • The market witnessed the ETH qualifiers worth $ 17.69 million.

The encryption assets remain besieged in the fear area, with mixed signals throughout the market, which leads to an uncertain price track. The largest altcoin, ethereum (ETH) remains, may stick to the declining pressure, and slide by 0.30 %.

It seems that the descending lands created by Ethereum are impossible to escape. The height can be promoted as soon as Altcoin is broken over $ 2,000. Open eth today commerce At $ 1564. The short wave of the bulls paid $ 1615, and failed to keep the range and slide.

At the time of the press, ETHEREUM was traded within the range of $ 1,590, with a market ceiling of $ 191 billion. Daily trading volume reached 10.86 billion dollars. It is worth noting that the market noticed a filtering $ 17.69 million from ETHEREUM during this period.

Moreover, according to Article DataHout recently bought 10,328 Ethereum for $ 16.37 million at a price of $ 1,585 each. It generally reflects market confidence.

Is ethereum stuck in the declining direction?

Ethereum may return to near support at $ 1512 if the bears persist. The cross of death can appear with no trading level, which leads to a sharp decrease to $ 1.5,000.

Expecting healing, Altcoin can rise to $ 1614. Ethereum oud correction may be sent to a powerful resistance of $ 1,640. This step is likely to push to a continuous upward trend.

It has crossed the medium spacing line of ETH/USDT (MACD) and the signal line below the zero line. This intersection involves a negative feeling and a decrease in more altcoin.

In addition, the Chaikin Money Flow (CMF) based in -0.13 references indicated that the capital is flowing from the original. Meanwhile, the daily trading of Ethereum decreased by more than 22.98 %.

ETH (RSI) daily relativity index, which is located in 46.85, indicates neutrality conditionDo not overlook the peak or excessive. Moreover, the value of the bull bear force (BBP) is resting at -3.03 indicates weakness.

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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