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Ethereum will further rise to $3358.64
Ether is likely to reverse at the recent high
Ethereum ETH) Estatistik Kouran
Pri aktyèl la: $ 3,246.34
Mache lèt majiskil: $ 380,024,389,343
Volim Komès: $ 27,492,967,167
Gwo zòn ekipman pou: $ 2,800, $ 3,000, $ 3,200
Gwo zòn demann: $ 2400 ,, $ 2,200, $ 2,000
Ethereum (ETH) Analiz Pri 11 Out, 2021
Ethereum a (ETH) price has been in a smooth uptrend. The price action has recorded two retracements on August 3 and 8. Further upside is expected. Meanwhile, on August 8 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Ethereum will rise but reverse at level 1.272 Fibonacci extensions or level $3373.60. The crypto will reverse to 78.6% Fibonacci retracement level where it originated.
Lekti Endikatè teknik ETH
Ether is at level 75 of the Relative Strength Index period 14. The biggest altcoin is in the overbought region as sellers are likely to emerge. In other words, Ether is likely to reverse as the market reaches the overbought region. The altcoin is also above the 80% range of the daily stochastic. The crypto is expected to fall in the overbought region.
konklizyon
Since August 8, Ethereum has been in a sideways move below the resistance at $3,160. Each time, the resistance is retested; the crypto will fall to $3,080 low and resumed upward. On August 11, Ether’s price broke the resistance as the market resumes upward. Meanwhile, on August 9 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that Ethereum will rise to level 1.618 Fibonacci extensions or level 3358.64.
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