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has experienced a drop of more than 8% in the last 4 hours.
- What can Ethereum investors expect after the drop?
- Will Ethereum be able to continue its rise?
ETH’s critical support and resistance levels! Will ETH continue to rise? Current ETH analysis!
Short-Term Ethereum Analysis!
Short-Term ETH Price Chart Source: TradingView
Ethereum experienced a drop of 8%, falling to the level of 1784$. At the time of writing, the current price of ETH was trading at 1855 dollars.
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When we observe the short-term movement structure of ETH, we see that it experienced a rise of more than 4% with strong purchases at the level of 1784$ in the hourly candle structure.
If the ETH price continues to rise in the coming hours, the range in which it will experience a rise is between 1895$ – 1900$.
Can US Quarterly Reports Affect Ethereum?
Ethereum may experience horizontal movements between the range of 1870$ -1819$ until the announcement time of the US 1st quarter reports tomorrow.
With the announcement of the US quarterly reports, it may rise to the resistance zone in the range of 1895$ – 1900$ mentioned in the analysis.
Ethereum price may continue to fall to the level of 1686$ as long as it continues to have daily candle closures below the level of 1958$.