- Ethereum coin price is currently trading in an upside parallel channel and has halted near the value of $2300. The coin price may test the lower support again.
- Technical indicators of ETH suggest a consolidated momentum for upcoming days. Meanwhile, ETH/BTC pair has seen a loss of 2.35% in the intraday session.
ETH crypto price is currently in an uptrend and has halted its rally near the value of $2300. Ethereum price has observed a loss of more than 4% in the intraday session and is trading near the value of $2245. The bullish momentum of Ethereum while going upside can see a halt near the value of $2500 . The downside momentum in price can see a halt near the value of $1800. ETH price is currently trailing above 50 and below 100 Daily Moving Average. The 50 DMA line for the ETH is around $2157, making it a crucial resistance zone for the price. ETH/BTC pair is currently observing a downside momentum and has seen a loss of 2.4% in the intraday session. One can invest in the ETH after a positive signal for the breakout and price action scenario..
Ethereum price has proved itself very valuable to its holders with an ROI of more than 79300%. It is currently down by more than 48% from it’s all time high . The volume to market cap ratio of the asset price suggests a bullish momentum in price.
Bulls Rest After A Short Run In ETH Crypto Price
Ethereum price weekly technical chart suggests a weak bullish momentum for the price. The daily technical chart of the ETH crypto price hints towards a consolidated momentum for upcoming days. One might forecast that the price may soon cross the barrier of $3000. There is a formation of a consolidated zone on the daily chart. If the current price of the ETH jumps 15 to 20% above the current level then a strong bullish momentum can be seen . ETH/BTC pair can also see a strong uptrend in the upcoming days. One should position their funds in the ETH as per their risk adversity.
ADVERTISEMENT
Conclusion
ETH crypto price is currently observing a consolidated momentum but could soon breakout above $3000 . Ethereum price might see a strong bullish momentum in the future ETH/BTC pair can also observe the similar gains
Technical Levels:
Major Support:$1800
Major Resistance:$3000
( π ) Pi is a new digital currency developed by Stanford PhDs, with over 15 million members worldwide. To claim your Pi, follow this link https://minepi.com/yildiztekin Download from your mobile phone and use username (yildiztekin) as your invitation code. Then mine from your mobile or desktop to collect Pi coin everyday.