您现在的位置是:Ethereum price could drop below major support >>正文
Ethereum price could drop below major support
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛57人已围观
简介The cryptocurrency market is correcting at the moment after a huge rally over the past few days, wit...
The cryptocurrency market is correcting at the moment after a huge rally over the past few days, with some coins losing more than 1% of their value
The cryptocurrency market performed very well towards the end of last week and during the weekend. Bitcoin surpassed the $45,000 resistance point to settle above the $47,000 mark over the past few days. It is now down by 0.39% but is still trading above the $47,000 level.
Ether’s performance over the past few days was also excellent, surpassing the $3,000 resistance point to settle above the $3,200 level. The other leading cryptocurrencies also performed strongly over the past few days, rising by more than 6% during that period.
However, the market is now retracing after its recent rally. Most altcoins are down by more than 1% over the past 24 hours and could record further losses in the coming hours.
Ether price outlook
The ETH/USD 4-hour chart is still bullish following Ether’s excellent performance over the past few days. Its MACD line is currently in the bullish zone, while the RSI of 58 shows that it is leaning towards the overbought region more than the oversold.
Ether failed to stay above the $3,418 pivot, and the cryptocurrency dropped below the 23.6% Fibonacci level of $3,369 a few hours ago. The first major support level at $3,346 is now in play, and ETH could drop below this level over the coming minutes or hours.
ETH/USD 4-hour chart. Source: TradingView
If the sell-off period continues, the bulls would be forced to defend the second major support level at $3,272. However, Ether should steer clear of the sub $3,100 level in the coming hours unless the bearish sentiment grows stronger.
On the flip side, if ETH can climb towards the $3,418 pivot, then it stands a chance of surpassing the first major resistance level at $3,492 in the coming hours. Support from the broader crypto market could see ETH attempt to break past the second major resistance level at $3,563 before the end of the day.
Check out our how to buy Ethereum page here
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/24296.html
相关文章
Dash (DASH) price explodes on DeFi and masternode news
Ethereum price could drop below major supportDash has traded between a low of $73 and a high of $77 on the dayDash has seen its price surge by mo...
阅读更多
ChainLink, Stellar and Dash price analysis
Ethereum price could drop below major supportThe technical outlook for LINK/USD, XLM/USD and DASH/USD suggests bears could eye fresh movesChainLi...
阅读更多
Should you buy ChainLink after a huge breakout on the charts
Ethereum price could drop below major supportChainLink (LINK/USD) has finally given the breakout that investors have long-awaited. Link is lookin...
阅读更多
热门文章
- Ethereum’s Second Genesis Testnet Displays Promising Results
- Ethereum price climbs 7% to break above $1,800
- ETH/USD settles above 100 SMA as bulls eye retest of $400
- Keiser predicts Bitcoin will surpass Gold and Silver
- The synthetic bitcoin market rises by 83% to hold over $700 million on the Ethereum blockchain
- ARK Invest foresees Bitcoin market cap soaring
最新文章
BTC price breaks after turbulent few days
Binance SC Becomes Contender to Supplant Ethereum
US Senators slam Facebook's new crypto wallet Novi
Bitcoin’s Taproot upgrade provides bulls with optimism
New token Uniswap (UNI) jumps 135% to touch $6.08
Global crypto market cap down 1.75%, top coins drop, as Kadena and MicroPets maintain their bull run