ETH Price Up - Is $2K the next target?

The Ethereum (ETH) price recovery has stalled at $1730 resistance and formed a minor consolidation with $1600 support. The rising price channel has narrow slope but is still bullish in its approach. The bullish pattern would continue to move as traders progress into the next week. The immediate resistance up ahead would be $1,900 where the sellers can pressurize the pair lower as per Ethereum price analysis.

 

However, the long-rejection candles observed at this resistance last weekend and the presence of 100-day EMA at the same level form a formidable barrier. Therefore, the buyers need strong bullish momentum to surpass this $1730 mark.

 

Thus, if buyers failed to do so, a possible reversal and breakdown below the 20-day EMA would signal a significant correction in Ethereum (ETH) price.

 

On the daily price chart, the sideways movement can be termed choppy with a mildly bullish bias. At the same time, the signal line of the RSI indicator did not reach the overbought zone, which indicates that the upside potential has not yet been exhausted. If the bulls make a comeback with massive volumes, there can be a swift move beyond the $1,800 level. As reflected in previous Ethereum price analysis, the higher highs are certainly a welcome positive pattern on the charts.

ed.png

Demo

想進行練習嗎?到模擬交易使用我們的贈金

5000 USDT
聯繫我們
twitter Telegram

Technical support: [email protected]

風險提示 該公司為客戶提供的金融產品,包括差價合約(“CFD”)和其他復雜的金融產品。差價合約交易具有高風險性,因為槓桿可能會對您的資金狀況產生積極和消極的影響。差價合約交易並不適合所有投資者,因為可能導致投資資本的完全虧損。不要投資超過您能承受的範圍。在開始復雜的金融產品交易之前,請務必閱讀有關所有風險。

© 2019 Bex500. All rights reserved.

登入
谷歌驗證

忘記密碼? 找回谷歌验证

還沒有帳號?立即註冊
找回密碼
60秒後重新獲取
獲取
註冊帳戶
60秒後重新獲取
獲取
服務條款隱私政策
已有帳號?立即登入