ETH is at $3,616.49 has struggled to sustain its position above the $3,669.57 support, showing that demand is declining at higher levels.
However, the upsloping 21-day EMA ($3,669.16) and the 55-day EMA ($3,478.51) indicate that the bulls are still in control. If the price rises from the current level and moves above $4,093.92, the price could rally to higher levels.
On the other hand, if the price breaks below the support zone in blue and 21-day EMA, it will suggest that the bulls have given up and are booking profits. That might push the pair down to the 55-day EMA ($3,478.51).
However, the upsloping 21-day EMA ($3,669.16) and the 55-day EMA ($3,478.51) indicate that the bulls are still in control. If the price rises from the current level and moves above $4,093.92, the price could rally to higher levels.
On the other hand, if the price breaks below the support zone in blue and 21-day EMA, it will suggest that the bulls have given up and are booking profits. That might push the pair down to the 55-day EMA ($3,478.51).
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.