Key point:
Bitmine Immersion Technologies and Bit Digital have recently announced plans to make Ether (ETH) part of their tax strategy. In addition, the bookmakers company Sharplink Gaming increased its ether shares to 188,000 ether after the latest purchase of 12,207 ether during the week ending on June 20.
Share prices for all three companies increased on Wednesday, but does Ether also follow? Let’s get to know the charts to find out.
Forecasting the price of ether
The ether appeared violently on Wednesday and broke over the moving average, which indicates aggressive shopping at lower levels.
If the price stays above the 50-day straight movable average (USD 2529), the ETH/USDT pair may enhance to the zone from 2,738 to 2879 USD. Sellers are expected to defeat the general cost zone rapidly. If the price drops rapidly from the erratic zone, the couple can extend their stay in the range from 2879 to USD 2111 for a long time.
Another popular traffic is to start with a break above USD 2879 or below USD 2111. If the level of USD 2879 is scaled, the pair can collect up to USD 3,400. On the other hand, a break below USD 2111 may sink a few to USD 1800.
Related: XRP Futures OI will jump by 30%because the price chart of “Poporczyk” is aimed at USD 3.20
The buyers exceeded the price above the resistance of USD 2,521, opening the gates to the rally to $ 2680. Upsoping 20-EXPONSTALAL MOVEL Average and relative strength (RSI) indicator in positive territory indicate the advantage of the buyer. Dips will probably find buyers in 20. If this happens, the possibility of a rally up to 2,738 USD increases.
The first sign of weakness will be a break and closes below 20. This suggests that the bears are selling aggressively. This can sink a pair of up to 50, and then to USD 2,373.
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
