Neither bears nor bulls are controlling the situation on the market, according to CoinMarketCap’s ranking.
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ЕТХ / УСД
Ethereum (ETH) has followed the bounce back of Bitcoin (BTC), rising by 1.66%.
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Despite the slight rise, the rate of Ethereum (ETH) is looking bearish on the local chart as the rate could not return to the resistance at $1,817. If the bar closes around the $1,800 zone, the fall may continue below the support, to the $1,780-$1,790 zone.
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On the daily time frame, the rate of Ethereum (ETH) has bounced off the support at $1,762. Volume remains low, which means that buyers are not ready to seize the initiative yet.
If the bar cannot close above yesterday’s peak, there is a chance to see a further drop.
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On the weekly chart, the situation is also more bearish than bullish. Despite the fall, there are no reversal signals yet, which means the drop may continue to the $1,600-$1,700 area next week.
Ethereum тргува со 1,799 долари за време на прес-конференцијата.
Source: https://u.today/ethereum-eth-price-analysis-for-may-13