Ethereum Faces Rejection at the $2,800 High, May Decline below $2,600 - BitcoinEthereumNews.com
The price of Ethereum (ETH) has fallen below the moving averages as sellers pushed the altcoin to the previous low at $2,578. Today, the bulls are trying to defend the support at $2,600 as the altcoin continues its uptrend. n The current support is crucial for buyers, as a break below it would drop the cryptocurrency to a low of $2,300. However, a price rise above the current support will catapult Ether above the moving averages. Subsequently, the bullish momentum will extend to the high at $3,200. In the meantime, the uptrend meets initial resistance at the $2,800 resistance zone. The bullish scenario will be invalidated if buyers fail to overcome the high at $2,800. n एथेरियम सूचक विश्लेषण n Ether is at level 43 of the Relative Strength Index for the period 14. The cryptocurrency is in the downtrend zone and below the midline 50. Ether is correcting upwards, but is encountering initial resistance to the upside. Ether is above the 50% area of the daily stochastic. This indicates that the market has resumed its bullish momentum. n तकनीकी संकेतक: n प्रमुख प्रतिरोध स्तर - $ 4,500 और $ 5,000 n n प्रमुख समर्थन स्तर - $ 3,500 और $ 3,000 n Ethereum