Monday , April 19 2021

Ethereum [ETH/USD] Technical analysis: the bears market seems to have dropped the mark



Ethereum [ETH], the third largest encryption currency, returned to the game. Money has been billed with an increase of 6.57% over the past 24 hours, successfully dropping a hit on a bear.

According to CoinMarketCapu, at the time of printing, the cryptotality traded at $ 122.33 with a market cap of $ 12.66 billion. The coin posted a turnover of $ 2.48 billion and recorded an increase of over 1% in the last hour.

1 hour

Ethereum one-time price chart Source: Trading display

Ethereum one-time price chart Source: Trading display

In a one-hour chart, cryptographic images reduce the trend from $ 136.31 to $ 123.26. The chart also shows an increase of $ 103.19 to $ 116.03. Cryotacticity has an immediate resistance to $ 123.27 and a strong resistance to $ 130.52. His current level of support was set at $ 116 and strong support at $ 100.87

Chaikin Money Flow It is currently bullish for money because it is a line above the zero line, indicating that money flows into the market.

Parabolic SAROn the other hand, the bear is for money because the dots are aligned at the top of the candlestick.

Bollinger bands is seen contracting, predicting a less volatile market for money

1 day

Ethereum one-day price chart Source: Trading display

Ethereum one-day price chart Source: Trading display

In a one-day chart, money shows a low trend of $ 714 to $ 206.20. It also recorded another steep downtrend trend from $ 182.92 to $ 110.16. The money has an immediate resistance to $ 123.68 and a strong resistance to $ 296.55. It also shows that the coin has a level of support of $ 106.63.

MACD shows the ascending wave as the moving average line made the intersection below the signal.

Klinger Oscillator is located on the second page as in MACD, as the read line made a bullish crossover.

RSI shows that pressures for purchasing and sales pressure for money are currently aligned, although it seems that the bear's understanding is strong.

Conclusion

Taurus and bear look like they are dealing with intense fighting, and the bull has been supported by a Klinger Oscillator from a one-day chart and CMF from a one-day ticket. Bear has MACD support from a one-day chart and Parabolic SAR from a one-year chart.


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