Ethereum chart analysis
The price of ethereum continues to recover after falling to $ 1,697 last week. Since then, the price has been moving in sideway consolidation in the range of 1950-2150 dollars. We will soon be approaching the MA200 moving average and a possible break above to continue the bullish recovery. If the price manages to consolidate at $ 2,200, then we could expect to see a recovery to the next resistance zone of $ 2,400-2450. We need to pullback below the $ 1950 price for the bearish option and stay on that level. Our following bearish targets are $ 1860, $ 1800 and $ 1697 this year’s minimum.
The price of ethereum continues to recover after falling to $ 1,697 last week. Since then, the price has been moving in sideway consolidation in the range of 1950-2150 dollars. We will soon be approaching the MA200 moving average and a possible break above to continue the bullish recovery. If the price manages to consolidate at $ 2,200, then we could expect to see a recovery to the next resistance zone of $ 2,400-2450. We need to pullback below the $ 1950 price for the bearish option and stay on that level. Our following bearish targets are $ 1860, $ 1800 and $ 1697 this year’s minimum.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.