Ethereum Präis Analyse: ETH geet lues erof op $ 1,550, weider erop nächst?

Ethereum price analysis is bullish today as we have seen a strong decline and clear reaction at the $1,550 support. Therefore, we expect ETH/USD to reverse soon and look to move back higher.

The market has traded with selling pressure over the last 24 hours. The leader, Bitcoin, lost 4.57 percent, while Ethereum 0.53 percent. Meanwhile, Solana (SOL) lost over 6 percent and was one of the top decliners from the major altcoins.

Ethereum price movement in the last 24 hours: Ethereum begins to consolidate above $1,550

ETH / USD gehandelt an engem Beräich vun $ 1,564.03 bis $ 1,626.25, wat bedeitend Volatilitéit iwwer déi lescht 24 Stonnen ugeet. Den Handelsvolumen ass ëm 7 Prozent erofgaang, am Ganzen 19.56 Milliarden Dollar, während de Gesamtmaartkapital ëm 196 Milliarden Dollar gehandelt huet, wat zu enger Maartdominanz vun 19.69 Prozent resultéiert.

ETH / USD 4-Stonne Diagramm: ETH gesäit aus fir ze recuperéieren?

The 4-hour chart shows buying pressure taking over Ethereum Präis action, indicating that we can expect recovery over the next days.

Ethereum price action has set a strong higher swing high over the last weekend after several days of strong upside momentum. Resistance as $1,800 was almost reached before ETH/USD began to reverse as sellers took over.

The first attempts to retrace yesterday resulted in a break below $1,720 previous support. Quick retest of upside and lower local high was set later in the day, setting up ETH for another push lower.

Further downside did follow quickly as a spike of over 10 percent was seen. This time, support was found at $1,550, meaning that a strong higher local low is set, and Ethereum price action is ready to continue higher once again.

Ethereum Präisanalyse: Conclusioun 

Ethereum Präis Analyse is bullish today as we have seen rejection from the $1,550 after a substantial drop earlier in the week. Therefore, ETH/USD is ready to reverse and look to rally towards new highs over the rest of the week.

Wärend op Ethereum waart fir weider ze goen, kuckt eis Artikelen iwwer wéi Dir kaaft kaafen Litecoin, Filecoin, an polkadot.