ETH 1D

3 dni temu

Ethereum has been very disappointing so far this cycle, but the chart on the daily is beginning to look much better than it has in recent weeks. For me a key level is the $2780 area, acceptance above puts ETH back into the midsection off this rangebound environment with a look to reach the next key level at $3200. To get there the 1D 200 EMA will be the first area of obvious resistance around the big even level of $3000.

A rejection off the $2780 I could see a move to backfill the daily wick towards the local bottom, if that were the case it would be because BTC has rolled over and lost its 91K support.

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Uwaga

Since the ByBit hack price has recovered back to the $2780 key level. Weekend price moves often don't contribute much to the overall big pictures as volume is lower than during the week. However, on this occasion it means a little more than usual because of the unique situation.

If the recovery continues to be strong going into the weekly close and a positive weekly open this is really optimistic going forward.