Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Key Highlights
Ethereum rebounds attempt to retest the $440 overhead resistance
Ether targets the high of $560
Ethereum (ETH) Current Statistics
The current price: $405.06
Market Capitalization: $45,524,303,208
Trading Volume: $9,432,951,618
Major supply zones: $280, $320, $360
Major demand zones: $160, $140, $100
Ethereum (ETH) Price Analysis August 30, 2020
On August 28, Ether rebounded above $380 support as price breaks above the EMAs and $400 support. This is a positive sign as the sustained move can break the minor resistances and eventually retest the $440 overhead resistance. As price continues its upward move, it may face resistance at the $410 and $420 high. The market will continue upward if the recent uptrend is sustained. On the other hand, if ETH faces rejection at either $420 or $410, the coin will fall or resume a sideways move below the resistance. Today, ETH is trading at $406 at the time of writing.
ETH Technical Indicators Reading
The price is above the 50- day SMA but approaching the 21-day SMA. ETH will rise if price is above the SMAs. The coin is in a bullish momentum as it is above the 25% range of the daily stochastic. Buyers are expected to emerge at the oversold region.
Conclusion
Ethereum is making a positive move attempting to retest the $440 overhead resistance. On August 14 uptrend, the coin reached the $440 high and was resisted. A retraced candle body tested the 38.2% Fibonacci retracement level. This indicates that Ethereum will break the overhead resistance and reach a high of 2.618 Fibonacci extension level. That is the high of $560.
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 results
- 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
