עטהערעום פּרייַז אַנאַליסיס: ETH ספּייקס ווי נידעריק ווי $ 1,270, שנעל צוריקקער ביי $ 1,300 צו באַלד סוף?

עטהערעום price analysis is bearish today as we saw a strong decline yesterday, ending at the $1,270 support. ETH/USD has started to retrace and moved back above $1,300, where further upside currently is rejected, indicating another wave lower later today.

The market has traded in the green over the last 24 hours. The leader, Bitcoin, gained 0.28 percent, while Ethereum gained 0.46 percent. Meanwhile, the rest of the market saw mixed results.

Ethereum price movement in the last 24 hours: Ethereum retests previous lows

ETH/USD האַנדלט אין אַ קייט פון $1,271.15 צו $1,308.90, וואָס ינדיקייץ מילד וואַלאַטילאַטי אין די לעצטע 24 שעה. די טריידינג באַנד איז געוואקסן מיט 31.95 פּראָצענט, טאָוטאַלינג $ 9 ביליאָן, בשעת די גאַנץ מאַרק היטל איז געווען האַנדלט אַרום $ 159.85 ביליאָן, ריזאַלטינג אין מאַרק דאַמאַנאַנס פון 17.22 פּראָצענט.

ETH/USD 4-hour chart: ETH retests $1,300 as resistance

On the 4-hour chart, we currently see strong rejection at $1,300, indicating that further selling will take place overnight.

עטהערעום פּרייַז action has traded without a clear direction over the past weeks as recovery above the $1,400 previous high failed last Tuesday. ETH/USD immediately returned to previous lows, indicating that further sideways action would follow.

From there, ETH retraced to $1,350, where another short-term consolidation followed and set a local lower high. However, since no further upside followed, selling pressure returned yesterday, slowly leading back below $1,300 support.

Ethereum price could not sustain enough pressure towards the $1,250 overnight, leading back above the $1,300 mark today, where some resistance has already been found. Likely ETH/USD will look to move even lower over the next days, to finally break the $1,250 support. 

עטהערעום פּרייַז אַנאַליסיס: מסקנא 

עטהערעום פּרייַז אַנאַליסיס is bearish today as we have seen a reaction higher and a retest of $1,300 after a substantial drop over the weekend. Therefore, we expect ETH/USD to start declining once more soon and drop towards the $1,250 support as it is the next major support.

בשעת ווארטן פֿאַר עטהערעום צו מאַך ווייַטער, זען אונדזער אַרטיקלען אויף ווי צו קויפן ליטעקאָין, פילעקאָין, און פּאָלקאַדאָט.