Technical Analysis for ETH:
Support along the border of the global ascending trend and resistance of the descending trend (starting from 10.11.21) are holding the ETH price within a narrow corridor of 1500-1900. Target values and support are at 1694, 1677, 1510, with resistance levels at 1900, 2590.
Quantitative Analysis suggests a phase of accumulation, followed by a phase of active movement with high volatility.
7-10 Days Forecast:
There's a high probability of an impulsive decline towards support, followed by consolidation and continued growth to 1900-2000 to break the downward trend.
Fundamental Analysis:
1) Coins such as BTC, SOL, XRP, FIL have been actively accumulated in traders' portfolios over the last 10 days.
2) Markets are now pricing in three 0.25% Federal Reserve rate cuts in 2024 — BBG.
3) The European Central Bank and the Bank of England are rolling back their high-interest rate policies.
4) Factors from points 2 and 3 are causing a shift of funds into deflationary assets, along with a renewed appetite for high-risk financial instruments.
Support along the border of the global ascending trend and resistance of the descending trend (starting from 10.11.21) are holding the ETH price within a narrow corridor of 1500-1900. Target values and support are at 1694, 1677, 1510, with resistance levels at 1900, 2590.
Quantitative Analysis suggests a phase of accumulation, followed by a phase of active movement with high volatility.
7-10 Days Forecast:
There's a high probability of an impulsive decline towards support, followed by consolidation and continued growth to 1900-2000 to break the downward trend.
Fundamental Analysis:
1) Coins such as BTC, SOL, XRP, FIL have been actively accumulated in traders' portfolios over the last 10 days.
2) Markets are now pricing in three 0.25% Federal Reserve rate cuts in 2024 — BBG.
3) The European Central Bank and the Bank of England are rolling back their high-interest rate policies.
4) Factors from points 2 and 3 are causing a shift of funds into deflationary assets, along with a renewed appetite for high-risk financial instruments.
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.