[ad_1]
Ethereum [ETH], the third largest cryptocurrency, has not yet regained its second position. The currency, which has lost its position in XRP, has spread its hopes on investors shining green from this week. Nonetheless, it seems that bear time could continue for a longer duration and not end this week.
According to CoinMarketCap, at the time of the press, Ethereum was trading at $ 116.82, with a market capitalization of $ 12.09 billion. The currency had a trade volume of $ 2.12 billion and had plummeted by 5.70% over the last seven days at the time of writing.
1 hour
Chart of the price of an hour of Ethereum | Source: trading view
In the one-hour chart, the currency shows a downtrend from $ 143.69 to $ 123.25. Imagine also an upward trend from $ 102.01 to $ 115.72. It has immediate resistance at $ 118.16 and a strong resistance at $ 123.28. The chart shows that the currency has immediate support on the ground for $ 114.65 and strong support for $ 100.89.
Parabolic SAR he is currently showing his bear support while the points have begun to line up above the candlesticks.
Bollinger bands they are expecting a less volatile market while the bands have begun to contract.
Chaikin cash flow he is holding the bull's flag while the line is above the zero point, demonstrating that money is flowing into the market.
1 day
Chart of daily prices of Ethereum | Source: trading view
In the one-day chart, the currency has a downtrend from $ 812 to $ 208.77. Also imagine a sharp fall from $ 182.79 to $ 106.95. According to the graph, there is no significant upward trend for cryptocurrency. It has immediate resistance at $ 122.26 and strong resistance at $ 129.28. The coin has a support for $ 106.72.
RSI he is currently showing his support for the bull while the currency is recovering from the oversold zone.
MACD is on the bear side while the moving average line has done a crossover just to walk down the road. Nevertheless, a trend reversal could occur because the lines are at the limit of another crossover.
Klinger Oscillator It is on the bull's side of the market as the reading line has made a bullish crossover.
Conclusion
The bear is supported by Parabolic SAR from the graph of an hour and the MACD from the one day chart. The Klinger Oscillator and the RSI from the one-day chart and the CMF from the chart of an hour show its support for the bull.
Subscribe to the AMBCrypto newsletter
Source link
