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Will Ethereum see a reflection?

  • ETHEREUM is merged around the level of $ 1.7 thousand.
  • ETH daily trading volume decreased by more than 21 %.

The movement of encryption assets is not decisive, with a neutral feeling in the market. The main assets fluctuate between gains and losses, while the largest recovery attempt in Ethereum continues to press the bears, and slips by 2.21 % over the past 24 hours.

ETH may continue to trade in the negative trading area if it fails to circumvent. A break over $ 2K threshold is essential. Altcoin opened today commerce At an altitude of $ 1838. Ultimately, the Habbiya wave raised the price to drop about $ 1782.

Ethereum was at $ 1772 at the time of writing this report, as the market value was 213 billion dollars. The daily trading volume decreased by more than 21.21 % to $ 13.4 billion. Moreover, the market witnessed a $ 46.15 million liquidation in ETH, according to Coinglass Data.

Can Ethereum run tide?

The ETH/USDT trading pair, with the pressure of the dominant downside, may return to the decisive support range of $ 1790. Assuming the emergence of the death cross, it may lead to the restoration of the ALTCOIN price towards the level of $ 1.736 or even less.

If the bulls come in the matter, Altcoin may move to the initial resistance at a range of $ 1828. The continuous procedure of the bullish price may push ETHEREUM to its subsequent resistance at $ 1877. Distinguished pressure may start in a continuous upward direction.

Through the MACD, the MACD is below the signal line, which means a declining intersection with the possibility of additional additions if it remains below. In addition, the Chaikin Money Flow (CMF) is concentrated at 0.15, hinting on the accumulation of money and moderate purchase pressure.

The ETH (RSI) daily relativity index indicates at 45.77 phase. Moreover, the BBP Reading (BBP) has read -19.15 has a strong downward pressure, which prompted the price down, unless there is a reflection signal.

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