- Ethereum reversed from resistance level 1800.00
- Likely to fall to support level 1500.00
Ethereum cryptocurrency recently reversed from the pivotal resistance level 1800.00 (former Double Bottom from February) intersecting with the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse 5 from April.
The resistance level 1800.00 is also the upper boundary of the sideways price range inside which the pierce has been moving from June.
Given the clear daily downtrend and the overbought daily Stochastic, Ethereum cryptocurrency can be expected to fall further to the next support level 1500.00 - lower boundary of the active sideways price range.
- Likely to fall to support level 1500.00
Ethereum cryptocurrency recently reversed from the pivotal resistance level 1800.00 (former Double Bottom from February) intersecting with the upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse 5 from April.
The resistance level 1800.00 is also the upper boundary of the sideways price range inside which the pierce has been moving from June.
Given the clear daily downtrend and the overbought daily Stochastic, Ethereum cryptocurrency can be expected to fall further to the next support level 1500.00 - lower boundary of the active sideways price range.
By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。