Reasons to rely on
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Created by industry experts and carefully examined
The highest standards for reporting and publication
Strictly editorial policy that focuses on accuracy, relevance and impartiality
The football price for the lion and players a little soft. Every Arcu Lorem, Ultricies some children or, UllamCorper football hate.
Crypto Analyst Trend Diva has provided an in-depth analysis of the current Ethereum price action. She revealed that ETH is still moving inside a Rising triangle But warned that it could be affected by additional disadvantages if it fails to stay above a crucial level of support.
Ethereum -Prize still inside a rising triangle despite the recent crash
On one TradingView PostTrend Diva revealed that the Ethereum Prize is moving inside a clear rising triangle. The upper limit acts as long -term resistance, and the lower limit provides dynamic support. This analysis comes in the middle of ETH’s recent decline below $ 2,000.
Related reading
The analyst noted that the Ethereum price, after a stable climb, began to show weakness, confirmed by a head and shoulder pattern, which she claimed is a common sign that the trend may turn. This weakness led to a strong case for ETH, which set the price down to Key support zone approximately $ 2,000.
Trend Diva stated that this support area is important for Ethereum Price Because it meets a large trend line, making it a likely place where buyers could go in. She added that the volume profile also shows a lot of activity in this zone, which means that traders have been interested in these levels before.
Analysts further pointed out that if the Ethereum price holds above This support of $ 2,000It can bounce against the $ 2,800 level, which represents a previous resistance. But she revealed that a division under the trend line shifts the bias towards $ 1,414.
At the moment, as long as ETH remains over $ 2,000, a recovery to $ 2,800 is still on the horizon.
It is worth mentioning that the Ethereum price shortly lost the aid level of $ 2,000 after a crypt -market crash on Sunday. As such, there is also the possibility that it can sink to as low as $ 1,414 as Trend Diva warned.
A case to as low as $ 1,250 is also on the cards
In an X post, Crypto -analyst Ali Martinez said that the Ethereum price seems to break out of a parallel channel. He added that ETH could sink to as low as $ 1,250 on speed. ETH Vallar looks to do everything to defend the $ 2,000 support zone and prevent Ethereum from release these new lowness.
Related reading
Martinez revealed that Biggest whales On the network has bought 330,000 ETH in the last 48 hours. This massive valence collection can help prevent further disadvantage and possibly lead to a raised turn for the Ethereum price.
At the time of writing, the Ethereum price is traded at about $ 2,065, a decrease over 5% over the past 24 hours, according to data From Coinmarketcap.
Image from iStock, chart from tradingview.com
