Key Support levels: $3,000, $2,750
Key Resistance levels: $3,600, $4,000
ETH has been in a flat trend around the $3,300 level for some time now, unable to rally or go much lower. A strange equilibrium between market forces has kept the cryptocurrency at this level for the past week. The support at $3,000 has not been retested, nor was the resistance at $3,600 put under any pressure. The result is a sideways price action that shows indecision.
Technical Indicators
Trading Volume: The volume increased today, but this time, the bears had the upper hand pushing the price below $3,300. However, they were unable to sustain any further declines.
RSI: The daily RSI failed to make a higher high, and this most recent drop favors the bearish case. If buyers don’t step up, ETH could fall back to the key support.
MACD: The daily MACD is bullish but lacked the momentum to push prices higher. If this continues, then bears may take over.
Bias
The bias for ETH is neutral. Neither the buyers nor the sellers seem convinced to move from the current level.
Short-Term Price Prediction for ETH
ETH has consolidated around $3,300 for the past week with little volatility. If history is any indication, flat trends tend to end in vicious moves in either direction.
Check live crypto rates here
Start trading today – See our list of exchanges
Can I just say what a aid to search out someone who actually knows what theyre speaking about on the internet. You definitely know the right way to bring an issue to light and make it important. Extra individuals have to read this and understand this side of the story. I cant believe youre not more standard because you undoubtedly have the gift.
I’ve read some good stuff here. Definitely worth bookmarking for revisiting. I wonder how much effort you put to make such a wonderful informative website.
Great – I should definitely pronounce, impressed with your site. I had no trouble navigating through all tabs as well as related information ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your customer to communicate. Excellent task.
Does your site have a contact page? I’m having a tough time locating it but, I’d like to send you an email. I’ve got some ideas for your blog you might be interested in hearing. Either way, great blog and I look forward to seeing it expand over time.
I am glad to be a visitant of this complete web site! , regards for this rare info ! .
I precisely needed to say thanks all over again. I’m not certain what I could possibly have sorted out in the absence of those methods contributed by you directly on such situation. Certainly was a very scary matter in my view, nevertheless taking a look at the very skilled strategy you handled the issue made me to cry with joy. I’m thankful for your guidance and then hope that you are aware of a powerful job you happen to be accomplishing educating the mediocre ones through the use of your blog. I am sure you have never come across all of us.
I keep listening to the rumor speak about receiving free online grant applications so I have been looking around for the top site to get one. Could you advise me please, where could i acquire some?
Hi there, simply become alert to your blog thru Google, and located that it is really informative. I am gonna be careful for brussels. I’ll be grateful if you happen to proceed this in future. Numerous people might be benefited out of your writing. Cheers!
Thank you for another magnificent post. Where else could anyone get that type of info in such a perfect way of writing? I’ve a presentation next week, and I’m on the look for such info.
I have read several good stuff here. Certainly worth bookmarking for revisiting. I wonder how much effort you put to make such a magnificent informative web site.
hello!,I love your writing very a lot! proportion we be in contact more about your article on AOL? I require an expert on this space to unravel my problem. May be that is you! Taking a look ahead to peer you.
I real lucky to find this web site on bing, just what I was searching for : D also saved to favorites.
Your home is valueble for me. Thanks!…
I was recommended this website by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my difficulty. You are wonderful! Thanks!
I read this post fully regarding the comparison of most recent and preceding technologies, it’s remarkable article.
Hello! This is kind of off topic but I need some guidance from an established blog.
Is it hard to set up your own blog? I’m not very techincal but I can figure things out pretty quick.
I’m thinking about making my own but I’m not sure where to
start. Do you have any tips or suggestions?
With thanks
My brother suggested I would possibly like this website.
He was entirely right. This submit truly made my day.
You cann’t consider just how much time I had spent for this information! Thanks!
I am extremely impressed with your writing skills and also with
the layout on your blog. Is this a paid theme or did you modify it yourself?
Either way keep up the excellent quality writing, it is rare to
see a great blog like this one these days.