Planning To Buy ETH? Here Are Key Ethereum Price Levels To Keep An Eye - BitcoinEthereumNews.com
स्रोत Tradingview Amid the recent recovery in the crypto market, Ethereum price pierced the highly influential descending trendline on February 9th. The breakout carried the altcoin to the $3287 mark, indicating a 51% gain from the previous swing low of $2330. The ETH price spent its last three days to retest the descending trendline. The coin is currently hovering above the shared support of the $3000-$2900 zone and breached the trendline, looking for sufficient demand. The ETH price trading below the 100 and 200 DMA maintains a bearish trend. However, the recently flipped 20 DMA curving up provides an extra edge to long traders. The daily-Relative Strength index(49) slope wavering around the midline, indicating a neutral sentiment. Rising Trendline Brings Additional Support To ETH Price स्रोतTradingview The rising trendline accentuates the importance of the $2900 support zone. If Ethereum price rebounds from this support, the buyers will rechallenge the overhead resistance of $3400, followed by the immediate resistance of $3600. Contrary to the bullish assumption, if sellers sink the altcoin below the base support, it would indicate the bears are selling on rallies, and the ETH price would plunge to $2650 or $2330 The moving average convergence/divergence indicator shows the MACD and signal have recently slid below the neutral