ETH Closes Third Red Week in a Row, is $1,000 Coming? (Ethereum Price Analysis)
EthereumETH cierra la tercera semana roja consecutiva, ¿vienen $ 1,000？ (Análisis de precios de Ethereum)10/03/2022Noticias de Bitcoin Ethereum Yesterday, Ethereum closed its third consecutive weekly red candle. A candlestick with a long upper wick indicates that increased selling pressure continues. In the last two weeks, the price has been trapped between two significant levels, and breaking out of this zone would likely determine the direction forward. Análisis técnico By Oso pardo El gráfico diario The descending line on the daily chart highlights the creation of lower lows (in yellow). This structure is bearish. However, in order to reach lower levels, selling pressure must first drive the price below the horizontal support of $1,240 (in green). This action corresponds with a break below the descending line, which could trigger multiple stop losses. Should this happen, $1,000 might be in sight. Alternatively, the asset could discover strong support at around $1,240, followed by a push above the horizontal resistance at $1,420 (in red). Niveles de soporte clave: $ 1240 y $ 1000nNiveles de resistencia clave: $ 1420 y $ 1550 Promedios móviles diarios:nMA20: $1355nMA50: $1527nMA100: $1488nMA200: $1945 Fuente: TradingViewEl gráfico ETH/BTC Following the Merge, the market structure against Bitcoin is showing a remarkable weakness. Investors are still hesitant to sell their Bitcoin for