Ethereum price analysis is bearish today as we have seen a strong retrace from the previous low at $900 over the past days end with respect to resistance at $1,150. A retest of it has already been made later today, indicating that local double top has formed and more downside is incoming.
The market has traded with substantial bullish momentum over the past 24 hours. The leader, Bitcoin, gained 5.1 percent, while Ethereum gained 7.23 percent. Meanwhile, most of the top altcoins recovered even more after a substantial decline last week.
Ethereum price movement in the last 24 hours: Ethereum regains 30 percent
ETH/USD ມີການຊື້ຂາຍລະຫວ່າງ $1,025.61 ຫາ $1,159.99, ສະແດງເຖິງຄວາມຜັນຜວນຢ່າງຫຼວງຫຼາຍໃນໄລຍະ 24 ຊົ່ວໂມງທີ່ຜ່ານມາ. ປະລິມານການຊື້ຂາຍໄດ້ຫຼຸດລົງ 12.1 ສ່ວນຮ້ອຍ, ມີມູນຄ່າທັງຫມົດ 21.57 ຕື້ໂດລາ, ໃນຂະນະທີ່ມູນຄ່າຕະຫຼາດທັງຫມົດມີການຊື້ຂາຍປະມານ 136.93 ຕື້ໂດລາ, ສົ່ງຜົນໃຫ້ມີການຄອບຄອງ 15.13 ສ່ວນຮ້ອຍ.
ETH/USD ຕາຕະລາງ 4 ຊົ່ວໂມງ: ETH ພ້ອມທີ່ຈະສືບຕໍ່ຕ່ໍາບໍ?
On the 4-hour chart, we can see a local double top reversal pattern formed at the $1,150 previous support, which now acts as a resistance. Likely this means that another clear lower high is set, and ETH/USD is ready to continue even lower over the rest of the week.
ການປະຕິບັດລາຄາ Ethereum has traded with strong bearish momentum for most of June. From the last swing high around $1,900, ETH/USD has already managed to decline by over 50 percent to the $900 mark.
Initial reactions higher were seen at both the $1,100 mark and the $1,000 mark, slightly slowing the market down and indicating that a reversal could soon follow. However, further downside was reached once again ໃນລະຫວ່າງທ້າຍອາທິດ.
This time, the next major round price milestone at $900 was reached. From there, ETH reacted to the $1,000 mark before further upside followed yesterday. By the end of Sunday, previous support at $1,150 was retested as resistance, with no more substantial upside seen since. Later, today the newly found resistance was retested, effectively forming a local double top pattern.
ນີ້ ລາຄາ Ethereum action development indicates that another clear lower high is set, and a reversal back to the downside will soon follow. Therefore, we expect ETH to push back to the $900 current low over the next few days.
Not much support should be seen if enough momentum follows, opening the way for a lot more downside to be reached later in the week. Likely the next target will be the $800 mark as it is the next psychologically important round number mark.
Alternatively, if the $900 mark holds, we could see a double top pattern finally set and a reversal of the several-week decline to follow. However, to become bullish again in a significant way, further confirmation of reversal would need to be made by a clear break of the $1,150 current high and preferably also the $1,250 resistance. Once that is done, we predict a several-week retrace back to previous major support around $1,700.
ການວິເຄາະລາຄາ Ethereum: ສະຫຼຸບ
Ethereum price analysis is bearish today as we have seen a strong retrace to the $1,150 mark end with a local double top currently being formed. If further upside does not follow to the $1,250 next resistance, we expect ETH/USD to drop even lower and look to break past the $900 current swing low.
ໃນຂະນະທີ່ລໍຖ້າ Ethereum ຍ້າຍອອກໄປຕື່ມອີກ, ເບິ່ງຄູ່ມືຂອງພວກເຮົາກ່ຽວກັບ ກະເປົາເງິນ Litecoin ທີ່ດີທີ່ສຸດ, ສະຖານທີ່ທີ່ດີທີ່ສຸດໃນການຖືຫຸ້ນ $HBAR, ແລະ ວິທີການຢູ່ລອດ Crypto ລະດູຫນາວ.
ທີ່ມາ: https://www.cryptopolitan.com/ethereum-price-analysis-2022-06-20/