ETH is Fighting at Key Support Before Possible Further Drop: Ethereum Price Analysis - BitcoinEthereumNews.com
EthereumETH is Fighting at Key Support Before Possible Further Drop: Ethereum Price Analysis05 / 07 / 2022बिटकॉइन एथेरियम समाचार The cryptocurrency market has calmed down after the massive drop over the last two days. Currently, ETH lies on top of a critical support level, which most analysts refer to as a key level developed over the previous 12 months. On the daily timeframe, after the bears pushed the price down more than 10% over the past two days, the weekend has been relatively stable. However, is this calm before a giant storm? ETH moves upward inside an ascending chanel (yellow), confirming the upward trend – forming higher highs and higher lows. Suppose the bulls can maintain the price in this trajectory, we can expect the horizontal resistance at $3000 to be tested again. On the other hand, if the price continues down, the long-term dynamic support (in green) at $2,500 could be a possible area of support. At the moment, The selling pressure has decreased a little. However, the buyers have not yet dominated the market. मुख्य समर्थन स्तर: $ 2500 और $ 2300 Key Resistance Levels: $ 3000 और $ 3300 मूविंग एवरेज: MA20: $2887 MA50: $3062 MA100: $2922 MA200: $3425 4 घंटे का चार्ट On the 4-hour timeframe, ETH is trading inside