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This article is also available in Spanish.
Diva Analyst analytics Analyst provided an in -depth analysis of the current price of Ethereum. She revealed that ETH is still moving inside A growing triangle But he warned that he could bear further inheritance pressure if he did not remain above the key level of support.
The price of Ethereum is still in a growing triangle despite the last failure
IN Post TradingviewDiva’s trend revealed that the price of Ethereum is moving in a clear growing triangle. The upper limit acts as long -term resistance, and the lower limit provides energetic support. This analysis appears among Last decrease in ETH below $ 2,000.
The analyst noticed that after a constant climbing, the price of Ethereum began to show weakness, confirmed by the model of the head and shoulders, which, she claimed, is a common sign that the trend could reverse. This weakness led to a forceful decrease in ETH, lowering its price Key support zone around $ 2000.
Diva’s trend stated that this area of support is crucial for Price ethereum Because he meets the main trend line, which makes him a probable place where the buyers could enter. She added that the profile of the volume also shows many activities in this zone, which means that traders were previously interested in these levels.
The analyst also noticed that if the price of Ethereum persists above This is a support worth $ 2,000It may affect USD 2800, which represents the previous resistance. However, she revealed that the failure below the trend line changes Bearish prejudice in the direction of 1 414 USD.
For now, as long as ETH remains above USD 2000, there is still a reflection to 2800 USD on the horizon.
It is worth mentioning that the price of Ethereum briefly lost the level of support of $ 2000 after the cryptographic market disaster on Sunday. Therefore, it is also possible that it can fall to even 1,414 USD, as the Diva trend warned.
The decrease to just USD 1250 is also on the cards
In the post x, Cryptographic analyst Ali Martinez He said that the price of Ethereum seems to pull out of the parallel channel. He added that ETH can fall to up to USD 1250 if the shoot persists. ETH whales are to do everything that is possible to defend the support zone worth $ 2,000 and prevent the decrease in Ethereum to these modern minima.
Martinez revealed that The largest whales He bought 330,000 ETH on the web in the last 48 hours. This massive whale accumulation can assist prevent further inheritance pressure and probably cause a stubborn reversal of the Ethereum price.
At the time of writing this text data with coinmarketcap.
A distinguished painting from Istock, chart from tradingview.com
