For Ethereum, is the situation in the process of improving? According to the latest Coinshares report, ETH attracted $ 180 million. Good news for the second capitalization of cryptocurrencies, but the course remains stuck under $ 2,000. Is ETH’s awakening soon? We take stock of ETH’s technical situation in the bulletin of the day!
Ethereum courses rebounds more than 10 % in a week
Ethn Stagne over the last 24 hoursbut he has an increase in 12.5 % in one week. Thanks to the buying reaction, the Ethereum course is back to thebalance over a month ::
Ethereum performances facing different pairs. Source : Coincheckup
Eth outperforms Bitcoin over the last weeksince the ETH/BTC pair climbs About 5 % in seven days. But let’s not forget that the pair has been bleeding for several months, it 13 % fall in a monthof 37 % in three months and 47 % in six months.
The Ethereum course finds the resistance at $ 1,750 in weekly
The Ethereum course displays a series of hollows and descendants in weekly, and even if the buyers responded to the $ 1,550 supportthere dynamic remains fragile ::
Eth is back around the resistance at $ 1,750. The course could be rejected here, or at the level of the mobile averages 9 and 18 hideouts (around $ 2,000). It will be necessary iron beyond mobile averages and regain a clear upward dynamic to be able to think that the correction is finished. If the sellers regain hands, the course could find the $ 1,550 support.
The RSI momentum indicator is located under the downstream trendline and it overall downwards For several months. These are the sellers who have the advantage of the momentum.
Back to $ 2,000 for ETH?
Despite the bounce In progress on ETH, the course retains a Damn Daily. The course is still located below the downstream trendline, but it is now evolving beyond the $ 1,730 level and above the mobile averages 9 and 18:
If the rebound continues, the next Resistance is $ 2,000. On the other hand, if the course is weakening and that it Lose $ 1,730a new downward wave to the $ 1,450 support is possible. The RSI broke the downstream trendline, the buyers now have the advantage of the momentum Daily.
Despite the current rebound, ETH retains a downward dynamic in weekly and day laborers. Technical confirmations (bullish structures) will be necessary before you can estimate that the correction is completed. In parallel, the community is divided about the next Hard Fork.