English
ETH Bulls Need a Return to $1,950 to Target $2,000 on Technicals
ETH struggled to retake the $2,000 handle on regulatory uncertainty on Saturday, making it yet another gloomy day despite the SEC v. Ripple judgment.
On Saturday, Ethereum (ETH) decreased by 0.36%. ETH lost 3.34% on Friday and finished the day at $1,932. For the first time in three sessions, ETH fell short of $2,000 during the negative session.
Bitcoin Price Movement
ETH was down 0.37% to $1,925 this morning. ETH rose to an early high of $1,938 before dropping to a low of $1,917 during the day's range-bound opening.
Daily Chart
On the daily chart, the price of Ethereum was below the $2,075–$2,105 barrier range.
However, the 50-day ($1,868) and 200-day ($1,767) EMAs are currently above the ETH/USD price, indicating positive momentum in the short- and long-term.
Notably, bullish momentum was mirrored by the 50-day EMA's wider distance from the 200-day EMA.
The 14-Daily RSI reading of 54.62 indicated a positive outlook and was in line with the 50-day and 200-day EMAs. Significantly, the RSI encourages a run at the resistance zone between $2,075 and $2,105.
Bonus rebate to help investors grow in the trading world!
