微信截图_20230724133048.png

On Saturday, Ethereum (ETH) decreased by 1.37%. ETH finished the day at $1,866 after a Friday session that was unchanged. For the sixth session in a row, ETH traded below $1,900 following the bearish session.

Bitcoin Price Movement

ETH went up 0.25% to $1,871 this morning. After a range-bound morning, ETH fell to an early low of $1,860 and then climbed to a high of $1,874.

Daily Chart

The Daily Chart displayed ETH/USD at the lower end of the support range between $1,895 and $1,865. On Saturday, resistance at $1,850 restricted the decline.

While remaining above the 200-day EMA ($1,776) and below the 50-day EMA ($1,873), ETH/USD is providing bearish short-term but positive long-term price indications. Notably, the negative momentum was confirmed when the 50-day EMA shrunk on the 200-day EMA.

The reading of 47.21 on the 14-Daily RSI, which was in line with the 50-day EMA, indicated a mildly negative outlook. Significantly, the RSI favors a decline to below $1,850 in order to activate the $1,815–$1,795 support range. However, the bulls would have a run at $1,950 if they were to rise past the 50-day EMA ($1,873).

Trade

Market

Market Analysis

Trading Tutorial

Bonus rebate to help investors grow in the trading world!