Ethereum price analysis is bearish today as we have seen a slight pullback to $1,350, where a lower local high is currently set. Therefore, ETH/USD is ready to continue even lower and spike below $1,300 previous major support.
The market has traded in the green over the last 24 hours. The leader, Bitcoin, gained almost 2 percent, while Ethereum gained 0.3 percent. Meanwhile, Бран (XRP) gained 6 percent and was the top performer among the major altcoins.
Ethereum price movement in the last 24 hours: Ethereum fails to continue lower
ЕТХ/УСД се тргуваше во опсег од 1,319.20 долари до 1,378.68 долари, што укажува на блага нестабилност во последните 24 часа. Обемот на тргување се намали за 12.16 отсто, на вкупно 13.52 милијарди долари, додека вкупната пазарна капа се тргуваше околу 165.2 милијарди долари, што резултираше со доминација на пазарот од 17.7 отсто.
ETH/USD 4-hour chart: ETH targets $1,300 overnight?
On the 4-hour chart, we can see another lower local high set at $1,350, indicating that selling pressure should soon return.
Цена Ethereum action has traded with strong selling pressure over the past weeks. From the previous major swing high, ETH/USD has already retraced over 25 percent, indicating potential exhaustion for bears.
However, no signs of reversal have been made over the past few days. Both further lower low and lower high have been set, indicating strong bearish trend.
Од the last resistance at $1,400, ETH has already started to move lower, likely leading to a lot more downside over the rest of the week. Ethereum price action will likely target to break the $1,300 previous low and spike towards the $1,250 next support as a result.
Анализа на цената на Ethereum: Заклучок
Анализа на цените на Ethereum is bearish today as we have seen retrace with weak momentum that currently forms another lower local high. Therefore, ETH/USD should soon resume declining and break towards the $1,250 next major support.
Додека чекате Ethereum да продолжи понатаму, видете ги нашите написи за тоа како да купите Litecoin, Филекоин, и Polkadot.
Извор: https://www.cryptopolitan.com/ethereum-price-analysis-2022-09-21/