Ethereum Price Prediction: ETH Looks To Revisit February Lows At $2,300; Sell Or Hold? - BitcoinEthereumNews.com
स्रोत: ट्रेडिंग व्यू The daily Relative Strength Index (RSI) reads at 45 with a bearish bias. Now, if the indicator falls below the average line then the price continues to fall. Another momentum indicator, the Moving Average Convergence Divergence (MACD) hovers below the midline with a negative bias. Furthermore, trading volume is falling along with the price. On Balance Volume (OBV) indicator reveals investors are not convinced of the strength in the altcoin. In conclusion, a daily close below $2,600 will next see February lows of $2,300. On the weekly chart, the ascending trendline acts as a support for the bulls. A spike in sell order would explore further lower levels toward January 24 lows at $2,159. स्रोत: ट्रेडिंग व्यू On the flip side, a shift in bearish sentiment will invalidate the mentioned bullish arguments. The first upside target is placed at Thursdays high of $2,972.07. Next, market participants will keep moving to tag the $3,200 mark. At the time of writing, ETH/USD is trading at $2,689.54, down 5.08% for the day. The second-largest cryptocurrency by market cap holds 24-hour trading volume at $13,762,406,457 with 8% gains as per the CoinMarketCap.