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- Ethereum experienced a drop without breaking the $1930 resistance and is currently trading at around $1917.
- If ETH can make daily candle closes above the $1930 resistance, it can continue its upward movement towards $2000 and $2080 levels.
- In the last 24 hours, Ethereum’s volume decreased by 22.29% to $6,311,554,941. Today, Ethereum DEX volume was recorded as $27,184,480.
When examining Ethereum’s current technical chart, it can be seen that it is moving near the $1930 resistance level. However, due to its failure to break the resistance, a drop occurred and it is currently trading at around $1917.
Medium-Term ETH Analysis
Daily ETH/USD Price Chart
When examining Ethereum’s current technical chart, it can be observed that the price is moving near the important resistance zone of $1930. Today, ETH tested the $1930 resistance but experienced a drop without closing above it. Currently, the Ethereum price is trading at around $1917.
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If the ETH price can achieve daily candle closes above the mentioned $1930 resistance in the analysis, it can continue its upward movement towards the $2000 level first, and then towards the $2080 level.
While Bitcoin price saw a 0.44% increase today, Ethereum price saw a 2.24% increase. With the rise of Ethereum, many altcoins experienced an increase of more than 3%.
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If Ethereum can successfully break the $1930 resistance, it can quickly progress towards its target levels. The most important resistance zone for ETH is between $2070 and $2123.
Short-Term ETH Analysis
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30-Minute ETH/USD Price Chart
When examining Ethereum’s short-term technical chart, it can be seen that the price is facing selling pressure near the important resistance zone of $1930. If ETH’s upward movement continues and it breaks the $1930 resistance with candle closes above it, the next target level will be $1962.
However, if the Ethereum price fails to break the mentioned $1930 resistance level, it may continue its downward movement towards the support range mentioned in the analysis, which is between $1888 and $1880.
According to the volume data in the last 24 hours, Ethereum’s volume was recorded as $6,311,554,941, indicating a decrease of 22.29%. Today, Ethereum DEX volume was $27,184,480.
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