• Latest
  • Trending
  • All
Ethereum: Which level will fall after $1760?

Ethereum: Which level will fall after $1760?

May 22, 2023
Hong Kong & UAE Join Forces To Bolster Crypto Regulation

Hong Kong & UAE Join Forces To Bolster Crypto Regulation

May 30, 2023
Shiba Inu (SHIB) and Dogecoin (DOGE) Swimming in Red Waters, HedgeUp (HDUP) Soars 300% with 400+ Holders Added Daily

Shiba Inu (SHIB) and Dogecoin (DOGE) Swimming in Red Waters, HedgeUp (HDUP) Soars 300% with 400+ Holders Added Daily

May 30, 2023
Ethereum’s Block Size Surges To 1-Month High

Ethereum’s Block Size Surges To 1-Month High

May 30, 2023
Payment Systems in Crypto Casinos — Deposit with Litecoin

Payment Systems in Crypto Casinos — Deposit with Litecoin

May 30, 2023
Canto Blockchain Difficulties Demonstrate Dreary DeFi Outlook

Canto Blockchain Difficulties Demonstrate Dreary DeFi Outlook

May 30, 2023
Traders Act Fast As Binance Australia Unveils Bitcoin Discount For Limited Period

Traders Act Fast As Binance Australia Unveils Bitcoin Discount For Limited Period

May 30, 2023
Laos Government Organizes Meeting on Blockchain 4.0 and Digital Economy Development

Laos Government Organizes Meeting on Blockchain 4.0 and Digital Economy Development

May 30, 2023
New Meme Coins To Replace Dogecoin

Will the crypto halving of BTC & LTC affect Caged Beasts?

May 30, 2023
Can DogeMiyagi influence outgrow Dogecoin and Pepe?

Can DogeMiyagi influence outgrow Dogecoin and Pepe?

May 30, 2023
Ethereum Deflation Hits Record High Six Months After Merge, What This Means For ETH

Long Dormant $14.7 Million Ethereum ICO Wallet Surfaces After Eight-Year Slumber

May 30, 2023
Litecoin (LTC) Halving Rally Looms: Popular Analyst’s Bold Outlook

Litecoin (LTC) Halving Rally Looms: Popular Analyst’s Bold Outlook

May 30, 2023
XRP to Hit $5 Being the Only Asset to Surpass ETH’s Market Cap

XRP to Hit $5 Being the Only Asset to Surpass ETH’s Market Cap

May 30, 2023
Tuesday, May 30, 2023
DLT EMPIRE
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market
No Result
View All Result
DLT EMPIRE
No Result
View All Result
Home Ethereum

Ethereum: Which level will fall after $1760?

by Cuevas Antonio
May 22, 2023
in Ethereum
0
Ethereum: Which level will fall after $1760?
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Disclaimer: The knowledge offered doesn’t represent monetary, funding, buying and selling, or different kinds of recommendation and is solely the author’s opinion.

  • The market construction was bearish, however the lack of volatility endured.
  • Ethereum’s current value motion was bounded by resistance at $1880 and assist at $1750.

Up to now month, Ethereum [ETH] has shed shut to fifteen.2% in worth, measured from the swing excessive at $2141 to the press time market value of $1816. This was extraordinarily disappointing to some ETH bulls, who anticipated a robust rally following the breach of the $2000 mark in April.


Learn Ethereum’s [ETH] Price Prediction 2023-24


The declining quantity and compression on the value charts pointed to an uneventful weekend. Will this be adopted by a breakout north or south subsequent week? Or, buying and selling gods forbid, will Ethereum costs proceed to stutter simply above the $1800 mark?

Tight Bollinger Bands meant merchants can look forward to a pointy transfer to resolve the path

Ethereum sees low volatility after $1760 bounce, can bulls make an impact soon

Supply: ETH/USDT on TradingView

The Bollinger Bands had been intently certain to the value and the BB width indicator was at two-month lows as soon as extra. Buying and selling quantity was declining over the previous few days as properly. This got here after ETH examined the 4-hour bullish order block on the $1720 space (cyan). The RSI was additionally unable to interrupt out previous the 45 or 55 values exhibiting an indecisive market.

Such compressive value motion meant a pointy transfer was across the nook, however its path was unsure. On increased timeframes resembling every day, the market construction of ETH was bearish. The H4 bearish order block at $1880 might be examined earlier than a transfer downward. Merchants should additionally watch out for liquidity hunts in both path earlier than a reversal.

Due to this fact, the excessive and low of Monday might be vitally necessary on the decrease timeframes. A strongly bearish efficiency on Monday might set the tone for the remainder of the subsequent week, with bearish targets at $1700 and $1620. Alternatively, a breakout previous $1880 and a profitable retest as assist might see ETH bulls push towards $2000 as soon as extra.

The rising imply coin age was at odds with the current trade inflows

Ethereum sees low volatility after $1760 bounce, can bulls make an impact soon

Supply: Santiment

The social dominance metric was close to the three-month common towards the top of April. Over the previous three weeks, it declined towards March lows earlier than a restoration. But the value motion hovered across the $1820 space final week.


How a lot are 1,10,100 ETHs worth today?


The trade movement stability confirmed that there was a spike in trade inflows on 19 Might with a optimistic stability of 71.8k ETH. A surge of an identical magnitude final occurred on 6 Might, proper after costs started to say no from the $2000 mark.

In the meantime, the imply coin age has trended upward over the previous month. The trade movement stability indicated an increase in promoting strain was imminent however the imply coin age metric underlined an accumulation part. Whether or not the bulls or the bears will win stays to be seen, with Monday more likely to be necessary.



Source link

Tags: EthereumfallLevel
Share196Tweet123Share49
Cuevas Antonio

Cuevas Antonio

  • Trending
  • Comments
  • Latest
Rise of AI-Powered Cheating: Challenges and Solutions for Educators

Rise of AI-Powered Cheating: Challenges and Solutions for Educators

March 20, 2023
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

April 10, 2023
What is Cloud Mining and How Does it Work?

What is Cloud Mining and How Does it Work?

April 10, 2023
Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

0
24 Crypto Terms You Should Know

24 Crypto Terms You Should Know

0
Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

0
Hong Kong & UAE Join Forces To Bolster Crypto Regulation

Hong Kong & UAE Join Forces To Bolster Crypto Regulation

May 30, 2023
Shiba Inu (SHIB) and Dogecoin (DOGE) Swimming in Red Waters, HedgeUp (HDUP) Soars 300% with 400+ Holders Added Daily

Shiba Inu (SHIB) and Dogecoin (DOGE) Swimming in Red Waters, HedgeUp (HDUP) Soars 300% with 400+ Holders Added Daily

May 30, 2023
Ethereum’s Block Size Surges To 1-Month High

Ethereum’s Block Size Surges To 1-Month High

May 30, 2023

Recent News

Hong Kong & UAE Join Forces To Bolster Crypto Regulation

Hong Kong & UAE Join Forces To Bolster Crypto Regulation

May 30, 2023
Shiba Inu (SHIB) and Dogecoin (DOGE) Swimming in Red Waters, HedgeUp (HDUP) Soars 300% with 400+ Holders Added Daily

Shiba Inu (SHIB) and Dogecoin (DOGE) Swimming in Red Waters, HedgeUp (HDUP) Soars 300% with 400+ Holders Added Daily

May 30, 2023
Ethereum’s Block Size Surges To 1-Month High

Ethereum’s Block Size Surges To 1-Month High

May 30, 2023

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Business
  • Crypto Mining
  • Cryptocurrencies
  • Culture
  • Dogecoin
  • Economy
  • Education
  • Ethereum
  • Featured
  • Governance
  • Litecoin
  • Market
  • News
  • Uncategorized

Converter

Cryptocurrency Prices by Coinlib

© 2023 Dlt Empire | All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market

© 2023 Dlt Empire | All Rights Reserved