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Year-end analysis of Ethereum (ETH)
During the week, Ethereum (ETH) reported a downtrend from $ 142.28 to $ 118.35. It even dropped to $ 115.94 before it rose to $ 133.98. There was significant support at $ 132.21 and significant resistance at $ 143.22. The moving average line was above the candelabra, while the Bollinger Bands were at the point of convergence. This showed that the bears had control of the market.
The relative strength index showed that the selling and buying pressure stabilized yesterday, albeit close to the oversold region. The incredible oscillator was in green to show that the bulls are starting to gain momentum. Awesome Oscillator, on the other hand, is seeing a green peak indicating that the bull market is gaining momentum. The daily trend showed resistance at $ 139.02 and support at $ 82.92. The flow of money from Chaikin showed that there was an equal inflow and outflow of money. The marker was above zero to show that there was an incoming upward pressure. The signal line was below the MACD line which also indicated a bullish pressure.
Price analysis of Ethereum (ETH) Now
This morning, ETH is trading at $ 135.02. This shows that it is down 1.26% from the USD, but up 0.88% from BTC. The trading volume over a 24-hour period is $ 2,213,292,810 and the market capitalization is $ 14,059,622.104. In the next trading hours, ETH is expected to rise further compared to USD and BTC.
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