עטהערעום פּרייס אַנאַליסיס: טראָץ די לעצטע פאַרגרעסערן, ETH איז נאָך אין הויפּט ריזיקירן

Early this week, the crypto market turned green. During the last two days, altcoins have outperformed BTC, and this includes ETH. The latter was able to reclaim the $2K mark. However, is the storm over?

טעכניש אַנאַליסיס

טעכניש אַנאַליסיס דורך גריזלי

די טעגלעך טשאַרט

Ethereum is near a critical support level that might hold up the price in the daily timeframe. Moreover, by looking at the RSI 30-day indicator, it is evident that prior bullish legs have occurred when the RSI has broken above the baseline or 50 (in yellow) and then managed to consolidate above it.

The current value of this indicator is 40. The short-term speculators usually wait for the RSI to cross the baseline before seeking the buying opportunities in the market.

שליסל שטיצן לעוועלס: $ 1700 & $ 1500

שליסל קעגנשטעל לעוועלס: $ 2200 & $ 2450

מאָווינג דורכשניטלעך:

MA20: $2222

MA50: $2707

MA100: $2795

MA200: $3252

די ETH/BTC טשאַרט

ווי דערמאנט אין אונדזער אַרטיקל most recent ETH analysis, the bulls once again successfully defended the dynamic support on the BTC pair chart (in green).

Adding the RSI 30D indicator to the above analysis, it can be seen that previous uptrends have often been accompanied by RSI breaking the baseline.

There is not enough confirmation for a trend reversal despite the above.

שליסל שטיצן לעוועלס: 0.065 בטק & 0.06 בטק

שליסל קעגנשטעל לעוועלס: 0.07 בטק & 0.072 בטק

אָנ-קייט אַנאַליסיס

אַקטיוו אַדרעסעס (SMA 30)

Definition: The total number of unique active addresses on the network, including senders and receivers.

As the price increases, the activity on the network also increases, which boosts the number of active addresses. In past bull markets, price increases have been accompanied by a sharp rise of this metric, and currently, עס איז נישט דא קיין significant increase.

Despite the recent green daily candles, there are not many signs of a trend reversal, so the risk of a deeper correction is still very high.