ETH/USD snaps the range bound price action from last week after following the failed attempts to close above the $1865 (23.6% Fibonacci retracement) to $1908 (61.8% Fibonacci extension) region.
ETH/USD Outlook
ETH/USD trades to a fresh monthly low ($1780) after struggling to hold above the 50-Day SMA ($1872), and Ethereum may continue to give back the advance from the May low ($1741).
Failure to defend the May range may push ETH/USD towards $1699 (38.2% Fibonacci retracement), with the next area of interest coming in around $1565 (50% Fibonacci retracement) to $1623 (78.6% Fibonacci retracement).
Nevertheless, ETH/USD may try to track the positive slope in the moving average if it holds above the May low ($1741), with a break/close above the $1865 (23.6% Fibonacci retracement) to $1908 (61.8% Fibonacci extension) region bringing the May high ($2000) back on the radar.
ETH/USD Outlook
ETH/USD trades to a fresh monthly low ($1780) after struggling to hold above the 50-Day SMA ($1872), and Ethereum may continue to give back the advance from the May low ($1741).
Failure to defend the May range may push ETH/USD towards $1699 (38.2% Fibonacci retracement), with the next area of interest coming in around $1565 (50% Fibonacci retracement) to $1623 (78.6% Fibonacci retracement).
Nevertheless, ETH/USD may try to track the positive slope in the moving average if it holds above the May low ($1741), with a break/close above the $1865 (23.6% Fibonacci retracement) to $1908 (61.8% Fibonacci extension) region bringing the May high ($2000) back on the radar.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.