Ethereum price analysis is bearish today as we have seen a steady move higher with low momentum. Therefore, the resistance around $1,250 previous local high should be enough to reverse ETH/USD even lower.
The market has traded with slight bullish momentum over the last 24 hours. The leader, Bitcoin, gained 1.99 percent, while Ethereum over 4 percent. Meanwhile, the rest of the top altcoins saw even better gains.
Ethereum price movement in the last 24 hours: Ethereum slowly moved higher
ETH/USD gehandelt an engem Beräich vun $1,270.20 bis $1,344.07, wat bedeitend Volatilitéit iwwer déi lescht 24 Stonnen besot. Den Handelsvolumen ass ëm 12.51 Prozent erofgaang, am Ganzen $ 16.24 Milliarden, wärend de Gesamtmaartkapital ëm $ 164.46 Milliarde handelt, wat zu enger Maartdominanz vun 17.41 Prozent resultéiert.
ETH / USD 4-Stonne Diagramm: ETH testt $ 1,350
On the 4-hour chart, we can see the previous high being tested, likely resulting in another move lower if the momentum does not increase.
Ethereum Präis action has continued sideways movement over the past days as both further upside and downside could not be reached. From the last swing high at $1,225 ETH/USD slowly retraced earlier this week, forming a lower high at $1,350.
Zanter, another local higher low was set, indicating consolidation in an increasingly tighter range. As a result, until a clear break to either direction is made, we cannot expect any substantial change in direction.
Ethereum price will likely peak below $1,350 again, setting another lower high. From there, we expect ETH/USD to decline even further and look to start the next week with another test of the $1,225 major support.
Ethereum Präisanalyse: Conclusioun
Ethereum Präis Analyse is bearish today as we have seen slow bullish momentum since morning, indicating that further upside will likely not follow. Therefore, we expect ETH/USD to reverse later today and look to move back below $1,300.
Wärend op Ethereum waart fir weider ze goen, kuckt eis Artikelen iwwer wéi Dir kaaft kaafen Litecoin, Filecoin, an polkadot.
Quell: https://www.cryptopolitan.com/ethereum-price-analysis-2022-09-24/