Crypto NewsEthereum (ETH)

ETH with another attempt to reclaim $1.7K, will it succeed? (Ethereum Price Analysis) – Crypto News News

                                                            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

Technical Analysis

Through grizzly

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.

investment tip ETH with another attempt to reclaim $1.7K, will it succeed?  (Ethereum Price Analysis) – Crypto News News, Crypto Trading News

Key support levels: $1500 and $1350
Important resistance levels: $1800 and $2200

Daily moving averages
MA20: $1589
MA50: $1323
MA100: $1681
MA200: $2294
ETH with another attempt to reclaim $1.7K, will it succeed?  (Ethereum Price Analysis) – Crypto News News, Crypto Trading News TradingView

The ETH/BTC-Diagram

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).

Key support levels: 0.065 & 0.06 BTC
Important resistance levels: 0.073 & 0.075 BTC
ETH with another attempt to reclaim $1.7K, will it succeed?  (Ethereum Price Analysis) – Crypto News News, Crypto Trading News TradingView

sentiment analysis

buyer-buy-sell ratio
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.
ETH with another attempt to reclaim $1.7K, will it succeed?  (Ethereum Price Analysis) – Crypto News News, Crypto Trading News CryptoQuant

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