Analysis Editor's Picks

Analysis of course Ethereum today

Course ETH slipped sharply and even for a few hours fell below $100. The resistance of the downward trend line was formed in the neighborhood of $116 on the hourly chart pair of ETH/USD.

The analysis of the dynamics of the course

Last week, the rate of the ETH broke the support line of $115 and $110 and then $100. Also was broken the support level 50% Fibonacci retracement from the last recession $126-$98. As a result, low was formed in the neighborhood of $98. Later took place the restorative correction, and at the time of writing the cost of one token Ethereum is $107.

However, at $118 bulls were waiting for a strong resistance (this level previously acted as support). Moreover, in the neighborhood of $116 resistance has formed the descending trend line (hourly chart pair of ETH/USD). If these barriers are overcome, we can expect a recovery towards $125-126.

Анализ курса Ethereum на сегодняIn case of failure of the bulls, ETH may again be below $100, or even $95.

Performance review

Convergence/divergence (MACD) for a pair of ETH/USD is now in bullish zone. The relative strength index (RSI) is above 50.

The main support level of $100, resistance at $118.

Related posts

FTX Obtains First License Under Dubai’s Prudential Supervision Regime

Afroz Ahmad

The daughter of Dmitry “sailor”, Chevchenko became the owner of the controversial crypto currency exchange Wex

alfonso

ZKsync Launches ZK Nation: The New Era of Community Governance on Ethereum

guido