Ethereum maintains an upward trend than the moving average line.
Ethereum Price Long-Term Analysis: Bull
The largest altcoin remains stuck at the $2,700 level. Price Action remains limited to a barrier that exceeds 21-day SMA support, at $2,700, and is low since May 13th at $2,400.
Two times, the buyer was rejected when he tried to raise the price beyond the $2,700 level. Ether prices are stabilizing today's $2,400 support. If buyers break through the $2,700 barrier, Ethereum is expected to rise to the next resistance at $3,000. Ether exceeds the psychological price of a $2,000 or 50-day SMA.
Meanwhile, at the time of writing, the ether is worth $2,546.90.
Technical indicators:
Resistance Levels – $4,000 and $4,500
Support Levels – $2.000 and $1,500
Analysis of Ethereum Pits Indicators
Ether has been trading above the moving average line since May 1st, as reported by Coinidol.com. The 21-day SMA exceeds the 50-day SMA, and the moving average line is tilted upwards. The $2,700 level is where the bullish signal stopped. The moving average line on the 4-hour chart is horizontal due to the stagnant uptrend.
What's next in Ethereum?
Ethereum is currently in a horizontal direction as the upward ends. Altcoin is trading within range when Doji Candlesticks returns. Traders don't know what cryptocurrency will next.
On the 4-hour chart, ether is consolidated between $2,400 and $2,700 in trading range. Prices are stagnant above the $2,500 support level.
Disclaimer. This analysis and prediction is the author's personal opinion. They do not recommend buying and selling cryptocurrencies and should not be considered as approval by coinidol.com. Readers should do research before investing in funds.
