Neither bears nor bulls are controlling the situation on the market, according to CoinMarketCap’s ranking.
שפּיץ קאָינס דורך קאָונמאַרקעטקאַפּ
עטה / וסד
Ethereum (ETH) has followed the bounce back of Bitcoin (BTC), rising by 1.66%.
בילד דורך TradingView
Despite the slight rise, the rate of Ethereum (ETH) is looking bearish on the local chart as the rate could not return to the resistance at $1,817. If the bar closes around the $1,800 zone, the fall may continue below the support, to the $1,780-$1,790 zone.
בילד דורך TradingView
On the daily time frame, the rate of Ethereum (ETH) has bounced off the support at $1,762. Volume remains low, which means that buyers are not ready to seize the initiative yet.
If the bar cannot close above yesterday’s peak, there is a chance to see a further drop.
בילד דורך TradingView
On the weekly chart, the situation is also more bearish than bullish. Despite the fall, there are no reversal signals yet, which means the drop may continue to the $1,600-$1,700 area next week.
עטהערעום איז ביי $ 1,799 אין די פּרעסע צייט.
Source: https://u.today/ethereum-eth-price-analysis-for-may-13