Ethereum Might Be Preparing for a Rise! Current ETH Analysis
ETH
ETH/USDT
$3,322.49
-0.17%
$3,322.49
-0.17%
(24s)24h Volume
$19,687,339,764.06
24h H/L
$3,384.19 / $3,273.72
Change: $110.47 (3.37%)
Long/Short
61.2%
Long: 61.2%Short: 38.8%
Funding Rate
+0.0049%
Longs pay
Data provided by COINOTAG DATALive data
(01:43 PM UTC)
1 min read
Contents
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0 comments- The daily chart for Ethereum shows a strong buying momentum from the $2867 – $2950 range, pushing its price up to $3100.
- For long-term investors, daily candle closures below $2860 can be considered a stop-loss level.
- If ETH manages to close weekly candles above $2860, it is believed that the targets could sequentially be $3411 and $3722.
Ethereum’s daily chart has sustained a rise up to $3100 after strong buying in the $2867 – $2950 range. Current ETH Analysis
MID-TERM ETH ANALYSIS
Upon examining Ethereum’s daily chart, we see that it has risen to $3100 due to strong buying from the $2867 – $2950 weekly support zone.
For long-term ETH investors, it can be advisable to consider daily candle closures below $2860 as a stop for spot investments.
As long as ETH closes weekly candles above $2860, the next targets are $3411 and $3722, respectively. Thus, potential investors might hold their long-term spot investments in Ethereum as long as we observe weekly candle closures above $2860.
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