עטהערעום פּרייַז אַנאַליסיס: ETH קאַנסאַלאַדייץ אַרום $ 1,050, ווייַטער פאַלן ווייַטער וואָך?

עטהערעום price analysis is bearish today as we have seen consolidation around $1,050 and rejection for further recovery. Therefore, ETH/USD is ready to drop further and break past the $1,000 local support. Once that is done, the next week should see the previous swing low at $900 tested.

The market has traded with slight bullish momentum over the last 24 hours. The leader, Bitcoin, gained 1.08 percent, while Ethereum gained 0.88 percent. Meanwhile, the rest of the top altcoins have followed close by.

Ethereum price movement in the last 24 hours: Ethereum fails to recover again

ETH/USD האַנדלט אין אַ קייט פון $1,044.01 צו $1,074.97, וואָס ינדיקייץ מילד וואַלאַטילאַטי אין די לעצטע 24 שעה. די טריידינג באַנד איז דיקריסט מיט 29.19 פּראָצענט, אַ גאַנץ פון $ 7.785 ביליאָן, בשעת די גאַנץ מאַרק היטל טריידז אַרום $ 129.5 ביליאָן, ריזאַלטינג אין אַ דאַמאַנאַנס פון 14.85 פּראָצענט.

ETH/USD 4-hour chart: ETH retest upside before another spike lower?

On the 4-hour chart, we can see a slight bullish upsurge over the last hours. However, since the previous local high has not been broken, we expect another rejection for upside and push lower early next week.

עטהערעום פּרייַז action has seen a strong new swing low set at the beginning of the week. After a decline of more than 21 percent, ETH/USD found a new low at the $1,000 mark.

From there, a quick reaction higher followed to the $1,115 mark, where rejection for further recovery was seen on Friday. Consolidation sideways followed, resulting in both lower local highs and lows set.

Since then, the $1,050 mark served as the central trading area, with a further rejection of upside seen this morning. Therefore, ETH/USD is ready to continue even lower and look to break past the $1,000 current low. Once that is done, a lot more room lower will open up as the next support is located at the $900 mark. 

עטהערעום פּרייַז אַנאַליסיס: מסקנא 

עטהערעום פּרייַז אַנאַליסיס is bearish today as we have seen consolidation over the last 24 hours with clear rejection for any upside attempts. Likely this will lead ETH/USD even lower next week as the overall weekly sentiment was very bearish, and a clear recovery did not follow over the past days.

בשעת ווארטן פֿאַר עטהערעום צו מאַך ווייַטער, זען אונדזער אַרטיקלען אויף סיאַקאָין בייַטל, פּי וואַללעט, און LTC וואַללעט איבערבליק.