Ethereum (ETH) is in a downtrend after sellers broke through support at $1,200 on November 20. Incidentally, the break of the $1,200 support signals the resumption of the selling pressure.
Sellers will try to regain the previous low of $1,071 as the altcoin sinks. On the downside, Ether will rally if it falls and regains the previous low at $1,071. However, if the bears fall below the previous low at $1,071, Ether will fall to the next support at $925. Bulls will buy the decline as buyers are attracted to lower prices.
ການວິເຄາະຕົວຊີ້ວັດ Ethereum
On the Relative Strength Index for period 14, Ethereum is at level 37. It is in a downtrend as it approaches the oversold area of the market. The price bars have remained below the moving average lines, indicating a further decline. The 21-day line SMA and the 50-day line SMA are sloping south, indicating a downtrend.
ຕົວຊີ້ວັດດ້ານວິຊາການ:
ລະດັບການຕໍ່ຕ້ານທີ່ ສຳ ຄັນ - 2,000 ໂດລາແລະ 2,500 ໂດລາ
ລະດັບການສະ ໜັບ ສະ ໜູນ ຫຼັກ - 1,500 ໂດລາແລະ 1,000 ໂດລາ
ທິດທາງຕໍ່ໄປ ສຳ ລັບ Ethereum ແມ່ນຫຍັງ?
Ethereum has resumed selling pressure as the bears have broken below the $1,200 support. On the downtrend from November 9, Ether has completed an upside correction and a candlestick has tested the 61.8% Fibonacci retracement level. The correction suggests that ETH will fall to the 1,618 Fibonacci Extension level or $925.
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