Ethereum Battles and Maintains Its Range Above $2,200
Ethereum Ethereum Battles and Maintains Its Range Above $2,200 . Ethereum Price Long-Term Analysis: Ranging The largest altcoin continues to trade within a range between the $2,200 support level and the $2,500 high. Currently, price movement is restricted by the 50-day SMA as support and the 21-day SMA as resistance. On the downside, if Ether loses support at the 50-day SMA, it could fall to lows of $2,200 and $2,000. Alternatively, if buyers push the price above the 21-day SMA, Ether may rise to $2,400 and $2,500. Once buyers overcome the $2,500 barrier, the largest altcoin is expected to gain momentum, potentially reaching the next high of $3,000. Today, Ether is at $2,268. Technical indicators: Resistance Levels: $4,500 and $5,000Support levels: $3,000 and $2,500 Ethereum Indicator Analysis The largest altcoin is currently trapped between the 50-day SMA support and the 21-day SMA resistance. This suggests that Ether will likely remain between the moving average lines for several days. Ethers price bars are below the horizontal moving average lines. The long candlestick wicks are being rejected at the moving average lines, indicating strong selling pressure at recent peaks. What Is the Next Direction for Ethereum? Ethereum has declined and found support above the $2,240 level for the third time since April 19.