Ethereum ETH) Current Statistics
The current price: $1,907.32
Market Capitalization: $230,456,556,148
Trading Volume: $15,742,036,873
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500
Ethereum (ETH) Price Analysis May 30, 2022
Ethereum’s (ETH) price rebounds and breaks above the initial resistance at $1,900 but hovers above It. Buyers are struggling to sustain the bullish momentum above the recent high. The current uptrend has reached the range-bound zone where the altcoin fluctuated between $1,900 and $2,200. Ether’s price is approaching the resistance at the 21-day line moving average. On the upside, if the bulls break the 21-day line moving average and the resistance at $2,200, Ether will rally to the 50-day line moving average. Conversely, if Ether faces rejection at the recent high, the altcoin will fall and resume a sideways move between $1,900 and $2,200.
ETH Technical Indicators Reading
The crypto is at level 39 of the Relative Strength Index for period 14. Ether is still in the downtrend zone as it struggles to break the initial resistance at $1,900. Ether price bars are below the moving averages which indicate a possible fall of the coin. It is above the 40% range of the daily stochastic. The market is in a bullish momentum. The 21-day line and the 50-day line SMAs are sloping downward indicating the downtrend.
Conclusion
Ether is making an upward move after recovering above the $1,763 support but hovers above It. Meanwhile, on May 12 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that ETH will fall to level 1.272 Fibonacci extension or $1,370.14.
You can purchase crypto coins here. Buy LBlock:
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.