At the ethereal auction on February 22, the price of the coin will continue to move sideways with the boundaries of $ 142.00-148.00.
Four hour ETH / USD chart
Despite the clear advantage of buyers in the ethereum auction on February 20, by the time of the new attempt to break through sales resistance in the area of $ 150.00, bulls have exhausted their reserves, which is confirmed by a sharp decline in prices for the support level of $ 142.20.
The session minimum price of ethereum is fixed at $ 141.80. The nature of the movement of ETH / USD quotes in the second half of the current session suggests that the bulls have consolidated large enough volumes to buy coins to keep the price above the correction level of 14.8% -142.20.
The likelihood of a bullish scenario developing on the short-term market is reinforced by the continuing bullish divergence.
We believe that on February 22, the price of the cryptocurrency at the ETH / USD pair will continue to move in the horizontal direction within the range of $ 142.00-148.00.