Ethereum price analysis is bearish today as we have seen a substantial rally back towards previous resistance around $1,350. Therefore, reversal should soon follow, leading ETH/USD back towards the previous consolidation area later in the week.
The market has traded with strong bullish momentum over the last 24 hours. The leader, Bitcoin, gained 4.51 percent, while Ethereum gained 3.81 percent. Meanwhile, Бран (XRP) gained just over 6 percent and was the day’s top performer.
Ethereum price movement in the last 24 hours: Ethereum continued to rally
ЕТХ/УСД се тргуваше во опсег од 1,313.10 долари до 1,356.80 долари, што укажува на значителна нестабилност во последните 24 часа. Обемот на тргување се зголеми за 11.98 отсто, вкупно 10.32 милијарди долари, додека вкупната пазарна вредност се тргуваше околу 166.4 милијарди долари, што резултираше со доминација на пазарот од 17.3 отсто.
ETH/USD 4-hour chart: ETH looks to pivot soon?
На графиконот од 4 часа, можеме да видиме Цена Ethereum fully regaining its previous loss, indicating that another high is set and selling pressure will return soon.
Ethereum price action has seen further trading sideways over the past week. After the last retest of the upside, lower high was set at $1,350, where rejection lower followed immediately.
From there, ETH/USD slowly declined during the first days of October, with a slightly higher low set at $1,262 overnight to yesterday. However, a break lower could not be made, reversing the market once again.
As a result, Ethereum price rallied back to its previous high at the $1,350 resistance, indicating that further consolidation can be expected later this month. ETH/USD has already seen some rejection for further upside, indicating that another drop lower can be expected over the next few days.
Анализа на цената на Ethereum: Заклучок
Анализа на цените на Ethereum is bearish today as we have seen a strong recovery back towards previous resistance at $1,350. Therefore, buying pressure should soon stop, leading ETH/USD towards another wave lower over the next days.
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-2022-10-04/