The ETHEREUM price fell to less than $ 1,600 during the weekend, as the BTC slice set sharp boxes across Altcoins, the main, including ETH.
ETHEREUM (ETH) decreases to less than 1700 dollars, as BTC twice is spread to ATCOIN markets
ETHEREUM (ETH) turned sharply during the weekend, as the declining shells from the American trade war extended to the encryption sector.
On Sunday, April 6, the ETH price fell to its lowest level for 3 weeks near $ 1,650 on Sunday April 6, following the high -speed Bitcoin decrease than a sign of $ 80,000, a psychological critical.
Bitcoin Weekend decreased by panic across Altcoin, and ETHEREUM was no exception – as it recorded a sharp decrease of 11.24 % within 24 hours.
According to data from CoinmarketcapThe lower direction by 11 % represents the slightest printing inside the day since mid -March.
This step erases almost all the gains last week, which came after Ethereum rose briefly over $ 1770 during a Thursday raised raised by the mutual definitions in China.
However, ERT primary momentum has separated with the failure of BTC Bulls to maintain bullish pressure on the weekend, which led to successive losses through the ecosystems of the widest encryption.
The Ethereum Bulls ETH clearance map shows $ 79 million of a lifeline at $ 1,554
Coinglass Filter data draws a bleak but implemented image of ETH traders. Over the past 24 hours, Ethereum has seen more than 164.7 million dollars in the long qualifying qualifiers – only to Bitcoin, which represents $ 203.7 million.
The largest part of this liquidation occurred during the rapid diving on Sunday, indicating that the bulls were severely used during the BTC decline.
Coinglas recycling map highlights a large support concentration around the 1550 – 1,570 dollar area. Specifically, more than $ 76.2 million of the long benefits of $ 1,554 is accumulated.
This region now operates as a main turning point: if the ETH price defends this level, this may be a recovery point of recovery with the intervention of the bargaining buyers. However, if this support collapses, it may be a more severe correction of about $ 1,480 or even $ 1420 may play, as there are a few noticeable liquidity pillows below.
As Bitcoin continues to struggle to less than $ 80,000, the ETHEREUM horizons remain close to the fragile range. Until BTC retrieves, ground confidence stabilizes and settles in the market, ETH bulls face the dual threat of weak work and request a request book.
Currently, all eyes remain on the $ 1554 liquidation set. A strong defense of this level, along with increasing market sizes can prevent more losses. Other than that, the upcoming ETHEREUM stem may go to the deeper to 1500 dollars, as the bears tighten its grip on the new trading week.
ETHEREUM Prices: ETH risk $ 1,480 as RSI presses sale and price declines to less than $ 1,655 VWAP
Ethereum compositions predicts negative, after decreased by 11.73 % to $ 1,594-the largest loss for one day in more than a month. This decrease was fueled by Bitcoin’s collapse to less than 80,000 dollars, which led to the cross -market qualifiers that erase the recent gains across the Altcoin complex.
ETHEREUM rejection near $ 1,800 and collapse through $ 1,655-VWAP-regenerates the momentum on the downside, with ETH is now decisively less than 8-feature and 21-feature.
ETHEREUM price expectations are now cautious with the deterioration of technical indicators.
Daily RSI 28.59 prints, confirming the first sales lands for the first time since early March. While this indicates that short -term wearing can develop, it also reflects the surrender of bulls, especially as the structure of the wider direction continues.
The price is now lower than SMA for 50 days at $ 1787 and away from SMA for 200 days at $ 1,894-all of the critical resistance levels that previously provided a trendy bias of long settings.
The upscale defense of $ 1555 can settle on feelings, but failure to keep this artery life increases the possibility of testing $ 1,480, which is a major liquidity pocket. Unless Bitcoin 80,000 dollars recovered soon, ETHEREUM may remain vulnerable. Recovery in the near term depends on buying $ 1655 and maintaining an EMAS momentum in the short term.
Related questions (common questions)
Ethereum followed the sharp -weekend contraction in Bitcoin, driven by liquidating wider markets in the market and a dumping macroeconomic feeling.
The level of 1554 dollars has emerged as a major support, with more than $ 76 million in long ranking there, according to Coinglass.
Yes, if ETH is defending $ 1,554, and Bitcoin settles over 80,000 dollars, we can see the stage of technical reversion or the standardization stage.
Ibrahim
The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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