Technical Analysis: Detailed Ethereum (ETH) Price Assessment! Watch Out for These Levels!

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Bakkt recently launched its platform Ethereum (ETHhe announced that he would be adding ). Ethereum (ETH), which found a buyer at the time of writing from $ 4,553, can make serious moves in a short time. The Bakkt news was reflected directly in the price, according to the company’s statement, the necessary preparations have been completed and ETH will be officially added to the platform in the coming weeks.

I ethereu (ETH) and Bitcoin (BTC)

The index of greed in the markets eased from 76 to 71 region. Volatility is pushing investors to be more cautious. Looking at the ETH/BTC weekly chart below ETH we are seeing increased demand before the 2.0 transition. Bitcoin (BTC Ethereum (which is gaining strength againstETH) he is aiming for new heights.

Ethereum (ETH) the dollar has been on an upward trend since the 1700 support at parity. The model created by this support has paved the way to an all-time high. The fact that the price can hold above the resistance of 4372 dollars makes the target of 5.000 dollars possible.

The relative strength index seems to be inclined to move higher above the 75 level on the daily chart. The RSI, which indicates that the uptrend is continuing, should be closely monitored.

Ethereum (ETH) Will Continue Its Rise

Increased demand Ethereum (ETH) resetting the bears’ chances. The fact that the resistance zones have been destroyed also reduces the hope of those who expect a decline. On the four-hour chart, we see that the support for the 4.412 dollar remains strong. Accordingly, it is likely that the resistance of the 4.665 dollar will be broken next week. If your cost is close to the resistance of 4372 dollars, short-term opportunities can bring you profit.

The four-hour chart confirms that we are in a strong bullish trend. Volatility is high, and the resistances of the 4412, 4143 and 3888 dollars seem critical. Bitcoin (BTCmany investors who are watching these support zones for the possible collapse of) will make short attempts. The 4665 resistance is important if the upward movement continues. Ethereum (ETH) it has retreated slightly by touching the 4.575 region so far, and as it approaches the weekly close, the possibility of a resistance test of the bulls may also strengthen.

Disclaimer Of Liability: The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.
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