- ETH wound for a long time withdrew the total market value by 17 % this year.
- Coinmarketcap data data reveals that 80 % of traders expect short -term gains, and the market is still upward.
After a long time, ethereum (ETH) witnessed great gains of 29 % between May 8 and May 9. The bear market for 10 weeks has finished its lowest point at $ 1,385 on April 9.
At the time of the press, ETH is trading at $ 2421, 3.12 % in the past 24 hours and 32.12 % in the past seven days. The total market value is 291.69 billion dollars, with a total size of $ 29.93 billion.
According to the data of the trading offer, if the bullish momentum (one month) continues, the ETH can test its first resistance at $ 3947, followed by the second resistance at $ 4420.8. If the trend is reversed, the original will decrease to the first support level of $ 2413.4, followed by the second support level of $ 1939.7.
It will be interesting to know if this is really continuing or leading to another test of the level of $ 2000. ETH wound for a long time withdrew the total market value by 17 % this year. This also led to a decrease in investor confidence.
The bullish momentum is made as traders resistance of $ 3,947
Coinmarketcap data data reveals that 80 % of traders expect short -term gains, and the market is still upward. And Tradingview Techniques (One day) also indicates a strong position for purchase with neutral oscillator and strong transportation averages.
While the short -term scales such as the Si -SIA (EMA10) stands at $ 2046.4. Likewise, EMA 50,100, 200 stands at $ 1905, $ 2,124.9, and $ 2,428.3, respectively. According to data from Coinglass, the distinctive symbol witnessed a liquidation of $ 126.48 million in the past 24 hours.
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