Ethereum prefers falling
In the previous review on Ethereum we wrote about the intrigue and uncertainty of direction of ETHUSD’s further movement.
The choice is made: Ethereum has moved down and is already fixed at lower price levels.
The only hope of bulls is MAcross on the weekly chart: it is still in the purchase.
However, judging by many other cryptocurrencies, a coup to sale is only a matter of time.
The remaining signs of a downward trend are evident:
The slow and fast moving averages of the daily chart are reducing + the MAcross is on sale.
The rate went from previous consolidation downwards and is fixed near the February minimums.
The supportive long-term zone of dense shading, and hence long-term support for the exchange rate, on the chart is only about $ 300, that is more than -50% of the current price
Thus, a further reduction in price of the Ethereum is more likely.
The cancellation of the idea is if the price rises above $ 900.
Profitable deals and follow our reviews!
All Technical Analyses from the ICEX team are on our website - https://app.icex.ch/en/feed/technical-analysis
In the previous review on Ethereum we wrote about the intrigue and uncertainty of direction of ETHUSD’s further movement.
The choice is made: Ethereum has moved down and is already fixed at lower price levels.
The only hope of bulls is MAcross on the weekly chart: it is still in the purchase.
However, judging by many other cryptocurrencies, a coup to sale is only a matter of time.
The remaining signs of a downward trend are evident:
The slow and fast moving averages of the daily chart are reducing + the MAcross is on sale.
The rate went from previous consolidation downwards and is fixed near the February minimums.
The supportive long-term zone of dense shading, and hence long-term support for the exchange rate, on the chart is only about $ 300, that is more than -50% of the current price
Thus, a further reduction in price of the Ethereum is more likely.
The cancellation of the idea is if the price rises above $ 900.
Profitable deals and follow our reviews!
All Technical Analyses from the ICEX team are on our website - https://app.icex.ch/en/feed/technical-analysis
You're right, down trend still running and eth is not good option in all crypto activity ( trade & invest ). This technical analyze is very detail but unfortunately this is long term period and where is daily analyze?. Weekly - monthly - year analyze is good but sometimes will break our hearts and leave the coin because already have future picture ( not always good for psychology perspective ). If you give as full time from short - medium - long term period analyze, it will help us find another opportunity to enter market in variation time ( more challenge ), but thank you any way.
