- Today, Ethereum price increased by 1.15% and reached up to $1935.
- What will happen if Ethereum cannot surpass the resistance level of $1940?
- Important levels that Ethereum investors should follow!
Will Ethereum make a downward movement? Ethereum Price Prediction! What will be the future of ETH? Current ETH Analysis!
Mid-Term ETH Price Analysis!
12 Hour Ethereum Price Analysis! Source: TradingView
When the current price chart of Ethereum is examined, it is seen that it is moving close to the price resistance of $1937. Unless ETH price can make 12-hour candlestick closures above the level of $1937 mentioned in the analysis, it may make a downward movement from this region.
If the ETH price cannot break the level of $1940 mentioned in the analysis, the first downward target will be the level of $1830.
If Ethereum makes 4-hour candlestick closures below the level of $1930, it may continue its downward movement and experience a drop to the support level of $1785.
If Ethereum makes daily candlestick closures below the level of $1785, the downward target may be the level of $1700.
Short-Term ETH Price Analysis!
3 Hour Ethereum Price Chart Source: TradingView
When we examine the short-term price chart of Ethereum, it is seen that it rose to the level of $1935 by taking strength from the important support region of $1870.
If the ETH price makes 2-hour candlestick closures above the level of $1940, it can realize the upward movement to the levels of $1958 – $1984.
If the ETH price cannot make 4-hour candlestick closures above the level of $1984, it may start the downward movement from this region.
Can Ethereum Drop to $1700? Current ETH Analysis! news was first published on CoinOtag.
