עטהערעום פּרייַז אַנאַליסיס: ETH סוויפטלי דראָפּס צו $ 1,500, אַ קליין אָפּשפּרונג העכער ווייַטער?

TL; DR ברעאַקדאָוון

• די פּרייַז אַנאַליסיס פון עטהערעום איז אַן בוליש היינט.
• ETH/USD declined to $1,500 overnight.
• Slight bullish momentum is seen since morning.

עטהערעום price analysis is bullish today as bears failed to break past the $1,500 local support, and a slight reaction higher was seen this morning. Therefore, ETH/USD is ready to push higher and move towards another retest of the $1,600 resistance.

The market has traded in the red over the last 24 hours. The leader, Bitcoin, traded with a slight loss of 3 percent, while Ethereum declined by 4.82 percent. Meanwhile, top altcoins such as ADA, SOL, and AVAX were the worst performers of the day.

Ethereum price movement in the last 24 hours: Ethereum rejects upside, returns to previous support

ETH/USD האַנדלט צווישן $1,506.66 צו $1,654.43, וואָס ינדיקייץ היפּש וואַלאַטילאַטי אין די לעצטע 24 שעה. די טריידינג באַנד איז געוואקסן מיט 114.5 פּראָצענט, טאָוטאַלינג $ 18.74 ביליאָן, בשעת די גאַנץ מאַרק היטל טריידז אַרום $ 187.44 ביליאָן, ריזאַלטינג אין אַ דאַמאַנאַנס פון 18.51 פּראָצענט.

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ETH/USD 4-hour chart: ETH looks to retest $1,600?

On the 4-hour chart, we can see a slight upsurge over the last hours, indicating that another lower local high needs to be set before further retrace can follow.

עטהערעום פּרייַז action has moved into consolidation over the past few days. After several days of strong bullish momentum, ETH/USD reached the current high at $1,600, where later, a clear resistance area was established.

Since then, ETH has managed to reach only very slightly higher highs, indicating that the overall medium-term upswing is about to break down and a strong retracement can be expected soon. Additionally, the quick spike higher and an equally strong rejection forced bulls to give up, leading to another test of the $1,500 support.

For now, Ethereum price action still respects this support, indicating that another retest of upside is due next. However, considering the clear rejections for any further upside late last week, we expect ETH/USD to soon break down and look to push towards $1,400 next support.

עטהערעום פּרייַז אַנאַליסיס: מסקנא 

עטהערעום פּרייַז אַנאַליסיס is bearish today as we have seen reaction lower after a test of upside and clear support found at the $1,500 mark. Therefore, ETH/USD is not yet ready to break even lower, and another retest of upside needs to be made before a much stronger can be made.

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