empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

29.11.202109:25 Forex Analysis & Reviews: Ethereum accumulates more bullish energy

Ethereum rallied after registering a new false breakdown below the 4,000 psychological level. It has appreciated by 10.33% from 3,965 yesterday's low to 4,374 today's high. The crypto started to increase again as the price of Bitcoin has turned to the upside.

In the short term, ETH/USD is trading sideways, the price action signaled that the downside is over. Still, the price stands below strong dynamic resistance, only a valid breakout through it may signal a larger growth.

ETH/USD Extends Its Sideways Movement!

Exchange Rates 29.11.2021 analysis

Technically, ETH/USD has found support again below the 38.2% (4,025.21) retracement level. It has failed to approach and reach the descending pitchfork's lower median line (LML) signaling a strong upside pressure.

The upper median line (UML) stands as a dynamic resistance. You can see that the price movement was stalled by this upside obstacle. Stabilizing above the weekly pivot point (4,257) followed by a valid breakout above the upper median line (UML) could activate an upside continuation.

ETH/USD Forecast!

Jumping, closing, and stabilizing above the upper median line (UML), a valid breakout could announce potential further growth towards the 4,868.79 all-time high. Its failure to reach the former lows or to stabilize below the 4,000 psychological level signaled that the corrective phase is over.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Ralph Shedler,
Analytical expert of InstaSpot
© 2007-2025
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

Guadagna sulle variazioni del tasso di criptovaluta con InstaSpot
Scarica MetaTrader 4 e apri la tua prima transazione
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.