Ukuhlaziywa Kwamanani e-Ethereum (ETH): U-Ether Ulahlekelwa Ukuxhaswa Kwama- $ 350 Njengentengo Elungiswe Phezulu

U-Azeez Mustapha

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Amaphuzu avelele
Ether resumes downward below $350 support
The coin will reach a low of $312

Izibalo ze-Ethereum (ETH) Zamanje
Intengo yamanje: $ 348.28
Ukutshalwa Kwezimakethe: $ 39,309,513,533
Ivolumu yokuhweba: $ 10,279,076,887
Izindawo ezinkulu zokuhlinzeka: $ 280, $ 320, $ 360
Izindawo ezifunwa kakhulu: $ 160, $ 140, $ 100

Ukuhlaziywa Kwamanani e-Ethereum (ETH) Okthoba 4, 2020
The current breakdown to $335 low was as a result of the rejection at the $370 resistance. The bulls were attempting to reach the previous high at $390 to break above it. Ethereum would have resumed upside momentum above $390 if the bulls were successful.

Also, the bulls fail to hold the support at $350. Nevertheless, the price was corrected upward to retest the $350 and resumed downward. The downward move as been interrupted by the Doji candlestick indicating that the previous trend is losing strength. The price is now consolidating sideways above the $340 support.

An impending transition of Ethereum (ETH) TO ETH 2.0
The impending transition to ETH 2.0 may cause certain difficulties for investors. Recently an application was filed with the regulator to become an SEC reporting company. Such companies will disclose risk factors that will affect their performance. However, the impending upgrade has not distracted the attention of investors’ interest in the fund. The Trust’s assets have increased for the past year, from $67 million to over $800 million at the time of publication. ETH price has also double with the time frame.

I-ETH / i-USD - Ishadi le-Daily

Izinkomba Zezobuchwepheshe ze-ETH Ukufunda
The recent breakdown has made Ether fall into the bearish trend zone. This makes the coin vulnerable to a further downward move.

ETH / USD - 4 Ishadi Lehora

Isiphetho
Ethereum downward move has been stalled above $340 support. Eventually, if price breaks above $350, the upward move will resume. Otherwise, a break below $340 will catapult the coin to continue the downward move. A green Candle body tested the 61.8% Fibonacci retracement level. ETH will fall to the 1.618 Fibonacci extension level if the downtrend resumes.


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U-Azeez Mustapha

U-Azeez Mustapha uchwepheshe wezohwebo, umhlaziyi wezimali, osayinisa amasu, kanye nomphathi wezezimali onolwazi olungaphezulu kweminyaka eyishumi emkhakheni wezezimali. Njengombhali we-blogger kanye nezezimali, usiza abatshalizimali ukuthi baqonde imiqondo eyinkimbinkimbi yezezimali, bathuthukise amakhono abo okutshala imali, futhi bafunde nokuphatha imali yabo.

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