Ethereum consolidates above $2,900
ETH/USD is in a range bound move
Ethereum ETH) Current Statistics
The current price: $2,887.56
Market Capitalization: $345,252,566,957
Trading Volume: $9,208,614,822
Major supply zones: $4,000, $4,500, $5,000
Major demand zones: $3,500, $3,000, $2,500
Ethereum (ETH) Price Analysis February13, 2022
Ethereum’s (ETH) price is in an uptrend as it may revisit the $2,800 Support. The uptrend was resisted at the high of $3,288. The altcoin declined below the 50-day line moving average. Ether price is now trading above the 21-day line moving averages but below the 50-day line moving average. This indicates that the largest altcoin is likely to be range-bound between the moving averages. The crypto will trend when the moving average lines are breached. Presently, Ether is consolidating above the $2,900 support for a possible upward move. On the upside, if the price rebounds above the $2,900 support, the bulls will break the resistance at $3,200. However, Ether will face another resistance at $3,400 high.
ETH Technical Indicators Reading
Ether has fallen to level 48 of the Relative Strength Index for period 14. ETH/USD is now in the downtrend zone and capable of falling to the downside. The crypto’s price is still in between the moving averages indicating a possible fluctuation of prices. Ether is below the 80% range of the daily stochastic. The altcoin is in a bearish momentum.
Conclusion
Following the price slump on February 11, ETH/USD fell to the low of $2,860 as it may revisit the $2,800 Support. The selling pressure has subsided as the altcoin consolidates above the current support. The cryptocurrency is fluctuating in a tight range between $2,860 and $2,980 price levels. The price action is characterized by small body candlesticks called Doji.
You can purchase crypto coins here. Buy Tokens
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
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus