Ethereum has turned to my side since the rise on May 13. Current currency rate analysis by Coinidol.com.
Long -term analysis of Ethereum price: Yaldi
The largest altcoin failed to break the mark of $ 2,800 but reached $ 2737. Then she fell and started moving side by the barrier at 2800 dollars and above support at $ 2,400. The bears are repeatedly tested at the current support at $ 2400, and if lost, it will decrease above SMA support for 21 days or the lowest level at $ 2200. ETHEREUM is traded above $ 2,502 and is likely to continue to climb if the support of $ 2,400 continues. Altcoin will rise and re -test the 2800 dollar level. Ethereum will start in the upward trend if the barrier of $ 2800 is broken or $ 2,400 was supported.
Ethereum index analysis
On May 18 and 19, Long Candle Tails appear above $ 2400 support. This indicates a strong purchase pressure higher than the support level of $ 2400. Ethereum price tapes have recovered and hold them over SMA for 21 days. This indicates that the value of encrypted currencies will continue to rise. The side direction is referred to through the horizontal moving average lines on the graph for 4 hours.
Technical indicators:
Main resistance levels – $ 4000 and $ 4,500
Main support levels – 2000 dollars and 1500 dollars
What is the next direction for ethereum?
Ethereum has recovered and stayed over the moving average lines. The largest altcoin is expected to continue in its upward direction as it remains higher than SMA support for 21 days. On the graph for 4 hours, ETHER moves sideways, higher than the support of $ 2,400 and under the resistance of $ 2700. Once these levels are broken, Altcoin will start a new direction.
Slip. This analysis and expectations are the personal opinions of the author. It is not a recommendation to buy or sell cryptocurrency and should not be seen as ratified by coinidol.com. Readers must conduct their research before investing in money.
