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Ethereum reaches $1,863 low and pulled back
The biggest altcoin has resumed an uptrend
Ethereum ETH) Estatistik Kouran
Pri aktyèl la: $ 1,944.26
Mache lèt majiskil: $ 226,595,023,679
Volim Komès: $ 17,616,407,906
Gwo zòn ekipman pou: $ 2,800, $ 3,000, $ 3,200
Gwo zòn demann: $ 2400 ,, $ 2,200, $ 2,000
Analiz pri Ethereum (ETH) 14 jiyè 2021
Jodi a, Ethereom reached the low of $1,863 as bulls bought the dips. For the past week, the biggest altcoin has been in a downward move. This was after the rejection at the $2,400 high. Today, the market is showing some bullish signals for a possible uptrend. Meanwhile, on July 9 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 1.272 Fibonacci extensions and reverse. That is at level $1,945.69. From the price action, the market has shown bullish signals for a possible reversal.
Lekti Endikatè teknik ETH
Ether is at level 40 of the Relative Strength Index period 14. The coin is in the downtrend zone and below the centerline 50. The crypto is below the 20% range of the daily stochastic. It indicates that the coin has fallen to the oversold region of the market. The implication is that buyers are likely to emerge in the oversold region.
konklizyon
Ethereum has resumed consolidation above the $1,900 support as price resumes upward. On the 4 hour chart, Ether fell to the oversold as buyers emerge. Meanwhile, on July 8 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that Ethereum will fall to level 1.272 Fibonacci extensions and reverse. That is level $1,951.04. From the price action, the market has bullish signals for a possible reversal.
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