For more than two weeks, the price of Ethereum (ETH/USD) has been moving extremely slowly sideways. Without any major impulses, the price of the coin has oscillated around the level of USD 1,780. On the one hand, this can be interpreted as a lack of buying and selling interest. On the other hand, the dwelling in lofty heights shows a certain strength in connection with a tension that should be discharged sooner or later. In this context, it is noticeable that demand always experienced increased interest in the area of USD 1,755. Consequently, above this level the starting position remains bullish. A rise above the round mark of USD 2,000 allows further upward potential in the short term to initially USD 2,090, before a further appreciation to USD 2,630 is likely to take place above this.
A decline below USD 1,725 on the daily closing price, on the other hand, could initiate a consolidation and provoke setbacks to USD 1,440. Below this level, a clear sell signal with potential to USD 1,150 or 1,100 would be activated.
If you liked the analysis, we would be pleased if you liked or subscribed to it. By doing so, you support our work enormously!
Notice:
Despite careful analysis, Global Investa assumes no responsibility for the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.
A decline below USD 1,725 on the daily closing price, on the other hand, could initiate a consolidation and provoke setbacks to USD 1,440. Below this level, a clear sell signal with potential to USD 1,150 or 1,100 would be activated.
If you liked the analysis, we would be pleased if you liked or subscribed to it. By doing so, you support our work enormously!
Notice:
Despite careful analysis, Global Investa assumes no responsibility for the content, timeliness, accuracy or completeness of the information provided. In particular, the information provided does not constitute investment advice, a recommendation to buy or investment brokerage and can in no way replace investor- and investment-appropriate advice from a professional investment advisor who takes into account the client's individual economic circumstances and level of experience.