Ethereum (ETH) is in a downward correction but consolidating above $2,300 support.
As the downtrend eased on January 22, ETH/USD resumed its sideways movement. On January 26, buyers pushed the altcoin up to the resistance of $2,800. Ether was immediately pushed back when the altcoin fell back to the support of $2,300.
Today, ETH/USD is in a trading range between $2,300 and $2,700. If buyers retest and break through the high at $2,700, the market will rise to the $3,200 level. ETH/USD will continue to trade in a range between $2,300 and $2,700 if the trading range is not broken. The altcoin will develop a trend if these levels are broken. The largest altcoin is trading at $2,403 at the time of writing.
ການວິເຄາະຕົວຊີ້ວັດ Ethereum
The current range bound movement has resulted in Ether being at level 25 on the Relative Strength Index for period 14. Ether is trading in oversold territory as buyers are expected to emerge to push prices higher. Also, Ether is above the 25% area of the Stochastic on the daily chart. The bullish momentum is unstable as the stochastic bands continue to slope above the current support.
ຕົວຊີ້ວັດດ້ານວິຊາການ:
ລະດັບການຕໍ່ຕ້ານທີ່ ສຳ ຄັນ - 4,500 ໂດລາແລະ 5,000 ໂດລາ
ລະດັບການສະ ໜັບ ສະ ໜູນ ຫຼັກ - 3,500 ໂດລາແລະ 3,000 ໂດລາ
ທິດທາງຕໍ່ໄປ ສຳ ລັບ Ethereum ແມ່ນຫຍັງ?
On the 4-hour chart, Ethereum is fluctuating between the price levels of $2,170 and $2,600. On January 24, the bears tried to break the current support but retreated. The candlestick indicates a long tail. This indicates that there is strong buying pressure at the current support. Similarly, on January 26, the altcoin rallied to $2,800 and was beaten back. On that day, the candlestick shows a long wick. This indicates that selling pressure at higher price levels is overwhelming.
ປະຕິເສດ. ການວິເຄາະແລະການຄາດຄະເນນີ້ແມ່ນຄວາມຄິດເຫັນສ່ວນຕົວຂອງຜູ້ຂຽນແລະບໍ່ແມ່ນ ຄຳ ແນະ ນຳ ທີ່ຈະຊື້ຫລືຂາຍ cryptocurrency ແລະບໍ່ຄວນຖືວ່າເປັນການຮັບຮອງໂດຍ CoinIdol. ຜູ້ອ່ານຄວນເຮັດການຄົ້ນຄ້ວາກ່ອນທີ່ຈະລົງທືນ.
Source: https://coinidol.com/ethereum-2300-rallies/