- Ethereum price has increased by more than 6 % over the past 24 hours
- The market has seen the $ 49.63 million of Ethereum.
The short upward energy works to feed the cryptocurrency market, raising Bitcoin (BTC) about $ 105,000 and Ethereum (ETH) to $ 3.4 thousand. The largest alternative to a modest bullish correction started with Win More than 6%.
ETHEREUM continues to fight with less than 4 thousand dollars, exceeding the resistance levels of $ 3360 and $ 3387. The efforts to recover alternative currency remained weak as prices continued.
It is important to note that the price of ETH reached ATH at a value of $ 4,891.70 three years ago and has not been able to penetrate this barrier since then. ETHEREUM general momentum faces downward.
Over the past 24 hours, ETH has formed the highest level at 3,417 dollars, while the lowest level was at $ 3,188. At the time of publication, the alternative currency was traded at $ 3406, as its daily trading volume reached 35.64 billion dollars. Moreover, the market a filtering $ 49.63 million from Ethereum during this time frame.
Eth is about to rise or stop?
The ETH trading pattern reveals a slight rise and if the alternative currency creates a strong upward trend, it may target resistance at $ 3,422. The penetration of the $ 3457 brand is very important to recover ethereum. Survival above this mark will start a rise targeting a range of $ 3.6,000.
If the level of immediate support for the alternative currency is found at 3,391 USD, a decreased correction may lead to a decrease of about 3,370 USD. Failure to maintain this level may disrupt ETH recovery. And with poor purchase pressure, the price may delay its way to the level of $ 3500.
The ETHEREUM MACD is located above the signal line. This intersection is likely to indicate an upper momentum. However, the signal line remains below the zero line, which indicates that the general feeling of alternative currency is declining.
Moreover, the flow of Chaikin (CMF), which confirms the flow of capital to the original, is concentrated at 0.16. It indicates a strong purchase pressure inside the market. Meanwhile, ETH daily trading volume increased by more than 64.82 %.
Ethereum daily trading window Display The short -term moving average is 50 days under the long -term moving average. Besides, the daily relative strength index (RSI) at 58.67 indicates a moderate bullish movement with a room for more upward trend.
Distinctive encryption news
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