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The price of Ethereum (ETH) has fallen as the largest altcoin failed to maintain bullish momentum above the $3,400 resistance level.
Análisis a largo plazo del precio de Ethereum: alcista
Buyers broke through the $3,400 resistance on March 29, when the price reached the high of $3,482. Bulls failed to sustain the bullish momentum as the market reaches the overbought zone. Today, Ether fell to the low of $3,214 as bulls bought the dips. Ether has found support above the previous resistance level at $3,200. The largest altcoin will continue its uptrend if the current support holds. Ethereum will rise and regain the previous highs of $3,400. However, if the price falls below the $3,200 support, the market will continue to fall to the low of $3,047. ETHAt press time, ETH/USD is trading at $3,282.
Análisis de indicadores de Ethereum
Ether has fallen to level 64 on the Relative Strength Index for period 14. The altcoin is in the uptrend zone despite the retracement. Further upward movement of the cryptocurrency is likely. The price of the cryptocurrency has pulled back above the uptrend line. The uptrend will continue if the price retests the trend line and bounces above it. On the other hand, if the price falls below the trend line, the selling pressure will increase again. Ether is above the 25% area of the Stochastic on the daily chart. This indicates that Ether has developed bullish momentum again.
Los indicadores técnicos:
Principales niveles de resistencia: $ 4,500 y $ 5,000
Principales niveles de soporte: $ 3.500 y $ 3,000
¿Cuál es la siguiente dirección para Ethereum?
Ethereum is in a downtrend as the price has fallen below the moving averages. Selling pressure has eased as the price has found support above $3,200. Meanwhile, on March 30, the downtrend; a declining candlestick tested the 50% Fibonacci retracement level. The retracement suggests that ETH will fall to the 2.0 Fibonacci extension level or $3,180.45.
Descargo de responsabilidad. Este análisis y pronóstico son las opiniones personales del autor, no son una recomendación para comprar o vender criptomonedas y no deben verse como un respaldo de CoinIdol. Los lectores deben investigar antes de invertir fondos.
Source: https://coinidol.com/eth-saves-itself/