Short-term ETH Analysis! If This Resistance is Not Broken, a Drop May Come!
ETH/USDT
$22,543,720,045.80
$2,415.55 / $2,239.22
Change: $176.33 (7.87%)
-0.0001%
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Contents
- Ethereum experienced a drop to the level of $1895 today.
- While ETH investors are expecting a rise to the level of $2500, will ETH be able to break its critical resistance?
- What will happen if the ETH price rises above the level of $1960?
Will Ethereum continue to decline? What can ETH investors expect? What is the future of Ethereum?
Short-Term ETH Price Analysis!
1 Hour ETH/USD Price Chart Source: TradingView
When we examine the Ethereum price chart, we can see that it encountered selling pressure at an important resistance level.
If ETH makes 4-hour candlestick closes above the level of $1940, it can realize its upward movement up to the level of $1980.
If the Ethereum price makes daily candlestick closes above the level of $1960, it can rise up to the level of $2130.
If ETH Price Cannot Break Its Critical Resistance, What Is Its Target?
If the Ethereum price cannot break the aforementioned $1940 price resistance in the above analysis, its downward target will be the price level of $1780.
If the ETH price makes 4-hour candlestick closes above the level of $1817, it can turn back from the range of $1817-$1830 and realize its upward movement again up to the level of $1960.