Anscheinend Ethereum scheiterte bei einem weiteren Versuch, 1.700 $ überzeugend zu überwinden, was zeigt, dass der Kaufdruck langsam nachlässt. Die Frage ist, ob die Dynamik anzieht oder ob die Bären die Gelegenheit nutzen, um den Preis zu senken.
This is what awaits you in this article
The daily chart
The daily chart shows that the firm Resistance in the $1,700 to $1,800 range is far from over. This resistance zone, which includes the 100-day moving average (in white), is considered the main obstacle for bulls towards $2000. A break and close above it would signal the start of a new uptrend with a target of $2,200 (in blue) intersecting with the 200-day moving average (in purple).
Contrary to this assumption, if demand dries up in this area and the bears dominate the market again, the potential drop can extend to the support zone in the $1,280-$1,350 range (in green).
Currently, the structure has not changed and until the lower highs and lower lows are formed, bullish sentiment prevails.
Key support levels: $1500 and $1350
Important resistance levels: $1800 and $2200
Unlike Bitcoin, the buyers completely dominate the market. Any attempts to correct on the lower timeframes are quickly absorbed. The bulls are attempting to sustain the price above 0.07 BTC (in red). At this point, it seems more likely that the resistance at 0.75 BTC will be tested. This is where the bears could reappear. The uptrend would remain strong as long as ETH trades above the horizontal support at 0.065 BTC (in green).
Definition: The ratio of buy volume divided by taker sell volume in perpetual swap trades.
Values above 1 indicate that bullish sentiment prevails.
Values below 1 indicate that bearish sentiment prevails.
Apparently, takers have filled additional buy orders in the last three months. This caused Ethereum to experience a significant price increase. But since July 18, this metric has been moving down. While still above the baseline (in green), it suggests that buy-side buyers’ strength is gradually diminishing. This problem is likely due to profit-taking around solid resistance from short-term traders.
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Source: Crypto News Deutsch