We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
This website does not provide services to residents of United States.
Market News ETH Bulls Eye $2,000 for the First Time Since May on Bullish Chatter

ETH Bulls Eye $2,000 for the First Time Since May on Bullish Chatter

This morning, ETH moved in step with the general market. The bulls would make their first attempt at $2,000 since May 6 with a breakout from $1,950.

TOP1Markets Analyst
2023-07-07
6305

微信截图_20230707132803.png


On Wednesday, Ethereum (ETH) decreased by 1.29%. Tuesday saw ETH lose 1.02% and close the day at $1,911. Even if the day was positive, ETH was unable to reach the $1,950 barrier.


ETH reached a high of $1,943 early in the day thanks to a positive start to the day. Before turning around, ETH maintained its position above the resistance band's upper level of $1,930 to $1,900. ETH fell through the resistance band's top level during the reversal.


However, ETH finished the day at $1,911 after finding support at the lower end of the resistance zone.

Bitcoin Price Movement

ETH went up 0.85% to $1,927 this morning. After a choppy start to the day, ETH rose to a high of $1,930 before falling to an early low of $1,900.

Daily Graph

The $1,930–1,900 resistance band's lower level was breached by ETH/USD on the daily chart, testing support around $1,900 before climbing to a high of $1,930. The initial rise was restrained by resistance at the top of the $1,930–$1,900 resistance range.


However, ETH/USD continued to trade above the 50-day ($1,852) and 200-day ($1,754) EMAs, indicating that the long- and short-term trend is bullish.


Notably, the 50-day EMA exhibited bullish momentum and kept moving away from the 200-day EMA.

A breach from the higher level of the $1,930 - $1,900 resistance band would be supported by the 14-Daily RSI's 57.49 reading, which indicated a bullish view and lined up with the 50-day and 200-day EMAs.

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free