Ethereum shows signs of fatigue in the short term after a strong strong gathering. Although buyers were able to penetrate the main resistance levels, the price is currently dependent on a major structure and may be at risk of a local top if the momentum fades.
Technical analysis
Daily chart
ETH has decisively broke up than a 100 -day moving average, located around the region of $ 2100, and is also trying to restore the moving average for 200 days near the 2600 dollar sign. Moreover, the relative strength indicator hovers in the peak purchase area, indicating that the assembly may be exaggerated in the short term.
Currently, the origin is combined under the lower boundaries of the bullish canal that has been pre -broken in the long run. The daily closure above this level would nullify the idea of retreat and open the door toward the $ 3,000 region, which coincides with a previous supply zone. On the downside, the $ 2,150 now operates as strong support and can serve as a possible re -introduction point for buyers if the market declines.
The graph for 4 hours
The 4 -hour time frame shows merged within a narrow range around the level of $ 2,600. The price maintains its gains after collapsing from a normal channel and a series of budget imbalances that are filled with it along the way.
The relative strength index has also been cooled, which showed a decrease in the upscale momentum, but there are no immediate signs on the declining difference. If ETH can break and stick to a $ 2600 region, it may collect enough force to run towards the main resistance level of $ 3,000 soon.
ONChain Analysis
Exchange Netflows remains negative in total, with a modern reading showing a clear flow of more than 170 kb ETH. This indicates a wider direction of accumulation and long -term nodes, as coins continue to leave the central exchanges and move to the self -body. Continuous external flows during the price march usually support the upscale continuity issue because it reflects the lack of intention for sale.
However, it should be noted that this behavior also raises caution, as the extreme upward position can lead to sharp corrections if the feeling becomes very unilateral. Traders should monitor the changes in Netflows closely, especially if the flows start to rise around the main resistance levels, as this may represent local peaks and signals profits.
Post -ETHEREUM Prices: What is waiting for ETH on its way to 3 thousand dollars? He first appeared on Cryptopotato.
