Kusanthula Mtengo wa Ethereum: Ethereum Ifika Kutopa kwa Bearish, Iphatikizana Pamwamba pa $300 Thandizo

Aziz Mustapha

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Mfundo zikuluzikulu
Ethereum falls and reaches the $320 support level
The biggest altcoin is likely to reverse

Ziwerengero Zamakono za Ethereum (ETH)
Mtengo wapano: $ 329.86
Ndalama Zamsika: $ 37,104,087,419
Vuto Lakusinthanitsa: $ 31,884,975,797
Madera akuluakulu: $ 280, $ 320, $ 360
Madera ofunikira kwambiri: $ 160, $ 140, $ 100

Kusanthula kwamtengo wa Ethereum (ETH) Seputembara 6, 2020
Ether has been on a downward move after the breaking of the last crucial support at $380. Today, the market has fallen and reached a low of $329. The downtrend has reached bearish exhaustion. On the upside, if the bulls push price above the $380 support, the upside momentum will resume. Otherwise, Ethereum will be range-bound between $300 and $380. Nevertheless, if the bears break below the $300 support, the coin will further depreciate to $240. This will portend negatively for the coin. The biggest altcoin is consolidating above $300 at the time of writing.

ETH / USD - Daily Chart

ETH Zizindikiro Zaukadaulo Kuwerenga
The price is still below the EMAs which makes the coin vulnerable to fall. ETH is at level 37 of the Relative Strength Index period 14. The coin is approaching the oversold region of the market.

ETH / USD - 4 Ora Tchati

Kutsiliza
Ethereum downward move may have reached bearish exhaustion. The Fibonacci tool has indicated Ethereum’s possible reversal at $320. On September 3 downtrend, the coin fell to $370 and the price was corrected upward. The retraced candle body tested the 78.6% Fibonacci retracement level. This implies that the coin will fall and reach the 1.272 Fibonacci extension level or $320 low. The market has reached that level and we expect a possible reversal.



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Aziz Mustapha

Azeez Mustapha ndi katswiri wazamalonda, wowunikira ndalama, wopanga ma siginolo, komanso woyang'anira ndalama wokhala ndi zaka zopitilira khumi pazachuma. Monga wolemba mabulogu komanso wolemba zandalama, amathandizira ogulitsa kuti amvetsetse malingaliro ovuta azachuma, kuwongolera luso lawo logwiritsa ntchito ndalama, komanso kuphunzira momwe angagwiritsire ntchito ndalama zawo.

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