December 2, 2020

Cryptheory

24/7 crypto news, cryptocurrency meaning, guides, learning, #cryptohelpschildren

Technical Analysis: [ETH / USD] + 8.5% Ethereum sets the pace and Bitcoin direction!

1 min read
Technical Analysis: [ETH / USD] + 8.5% Ethereum sets the pace and Bitcoin direction!

Ethereum takes the chance to attack and wants to regain his top in 2020. Bitcoin has helped him today, but it has to do it on its own.

 

[ETH / USD] in 2020 to present value + 110.34%

 

Today we look at Ethereum, which is trying to break the bearish attack we see in Bitcoin and the whole market. The ether does not want to stay behind and today took advantage of the growth of Bitcoin to gain itself + 7%. We are currently at $ 279 and bounced very quickly from $ 245, where we have fallen in recent days. Bulls will try to reach this year’s top of $ 285 at ETH.

 

Technical Analysis: [ETH / USD] + 8.5% Ethereum sets the pace and Bitcoin direction!

 

Today +8,5% nice reflection for ETH. Bitcoin today is 2.2% and quite nicely pulled up, especially considering the fact that it was a few days ago at 9 460 USD.

 

Support

 

We see the closest support at 242 USD, where we saw a wick reflection on the daily chart. If we do not sustain this support, we may fall to $ 216-230.

 

Resistance

 

We see the resistance at 275 USD, we are already in the resistance zone, but for its definitive breakthrough we have to stay above this zone. As part of the growth, ETH will have room for up to $ 330. Has anyone expected that after a 6-month bearish channel we’ll be back on top in 2 months by 2020?

Leave a Reply

Your email address will not be published.