Ethereum Struggles below $1,920 High as Sellers Poise to Short

Azeez Mustapha

Updated:

UNLOCK DAILY FOREX SIGNALS

Select a Plan

£40

 1-month subscription

Select

£30

 3-month subscription

Select

£21.5

 6-month subscription

Select

£399

 lifetime subscription

Select

£50

 Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Ethereum ETH) Current Statistics
The current price: $1,902.45
Market Capitalization: $228,612,084,853
Trading Volume: $5,203,205,987
Major supply zones: $3,000, $3,500, $4,000
Major demand zones: $1,700, $1,500, $1,000

Ethereum (ETH) Price Analysis June 3, 2023
The price of Ethereum (ETH) has climbed twice to retest the $1,920 resistance level as sellers poise to short. The upward movement of Ether has stopped because it has entered the overbought region of the market. Buyers aspire to reach the $2,000 psychological price level. The biggest altcoin had already crossed the perceived price threshold as of April 14. It is currently going at $1,902 at the time of writing. Positively, the price of Ether is above the moving average lines while remaining below the resistance level. Ether may fall because the market is overbought.

Ethereum Struggles below $1,920 High as Sellers Poise to Short
ETH/USD – Daily Chart

ETH Technical Indicators Reading
Ether is in the area of bullish trend at level 56 of the Relative Strength Index for period 14. The price movement has remained constant above the moving average lines. The price bars have not altered over the moving average lines. Ether will lose value if the price falls below the moving average lines. It will start to plummet now that it has reached above level 80 on the daily Stochastic.

Conclusion
Currently, Ethereum is restricted below the 1,920 resistance as sellers poise to short. The bears have hinted that they may short as the market gets closer to the overbought zone. The present trading range between $1,750 and $1,920 will be smashed on the upside if the bulls manage to break through the resistance level. Ether will continue its range bound move where it faces rejection at recent high.

 Ethereum Struggles below $1,920 High as Sellers Poise to Short
ETH/USD – 4 Hour Chart

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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

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
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *