The price of Bitcoin is just a few percent of its last historic highest high located around $ 110,000, but it could take a break after a significant rebound. For its part, Ethereum (ETH) develops again beyond $ 2,000. Can the increase continue on the second capitalization of cryptos? We make a point in the bulletin of May 13!
The course of Ethereum finds colors in a month (+56 %)
Ethn Records more than 1 % in 24 hoursbut he has an increase in 40 % in a week and 56 % in a month. The course of Ethereum has been finding strength for several weeks:
Ethereum performances facing different pairs. Source : Coincheckup
We note the same trend in the face of bitcoin. ETH/BTC pair 1 % fall in 24 hoursbut it climbs more than 27 % in a month. ETH launches a phase during which He outperforms Bitcoinbut will the trend last?
The Ethereum course could block against resistance at $ 2,900
ETH’s course has managed to find Buyers around the support at $ 1,500he has an increase of almost 90 % From the last lower Under $ 1,500. In addition, the course goes back beyond Mobile averages 9 and 18and he finds a Dynamics favorable to buyers ::
After an interesting buying reaction, the course could break a break Around the Resistance at $ 2,900. If this is the case, the course could reach the Support at $ 2,100. If there Resistance at $ 2,900 is crossed, ETH could then find the Sommets of 2024 around $ 4,000.
The RSI is back around the downstream trendline. It will take a break of this trendline to find a Bull Momentum.
Towards a return to $ 2,700 for ETH?
Thanks to the Buyer reaction under $ 1,500the Ethereum course finds a upward dynamic Daily, on the other side of the downstream trendline and beyond the mobile averages 9 and 18:
As long as $ 2,350 are preserved, an increase towards the Resistance at $ 2,700 is possible. On the other hand, if a breathlessness arrives, and the course slides under the Support at $ 2,350he could come back around $ 2,000. In any case, the course benefits from a Momentum Haussier Daily.
The Ethereum course is in good conditions to continue climbing towards the $ 2,700. But it will be necessary to keep the support at $ 2,350, because otherwise, the course could reach the $ 2,000. To be able to find the heights of 2024, it will be necessary to resume the $ 2,900 as a support. If the Altcoin leader has been solid for several weeks, this is also the case for the same.