Ethereum

Flow

Resistance

Delta

Time

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-trading-insights-by-analyst-skew/" data-wpel-link="internal">Ethereum Trading Insights by Analyst Skew</a><br></p>
<p style="text-align: justify">In the field of cryptocurrency trading, a careful eye can reveal intriguing insights among fluctuating dynamics. Deciphering underlying trends and potential momentum shifts can be very useful for investors. Today, analyst Skew shared an assessment of Ethereum through <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> platform X. Let’s take a look at his comments.</p> 
<h2 style="text-align: justify" id="analyst-skew-s-ethereum-analysis">Analyst Skew’s Ethereum Analysis</h2> 
<p style="text-align: justify">According to the analyst, amidst market movements, Ethereum’s daily performance seems to be entering a consolidation phase. However, a closer examination reveals the persistence of lower levels in higher stages, indicating structural resilience in the market.</p> 
<p style="text-align: justify">In particular, the price is oscillating around $2275, serving as an important level throughout the weekly period. Resistance is identified around $2700, highlighting a significant barrier for upward momentum.</p> 
<h2 style="text-align: justify" id="analysis-from-technical-indicators">Analysis from Technical Indicators</h2> 
<p style="text-align: justify">The Relative Strength Index (RSI) is above the 50 level, indicating bullish momentum. Additionally, the divergence in the Stochastic RSI, when combined with higher lows in price movement, typically signals a favorable environment for an upward move.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-312069 size-full" src="https://coin-turk.com/wp-content/uploads/2024/02/ethereum-cointurk.jpg" alt="" width="2457" height="1145"></p> 
<p style="text-align: justify">The key factor, according to the analyst, lies in maintaining the $2300 range, which could catalyze spot buying activities and drive the price higher.</p> 
<h2 style="text-align: justify" id="navigating-ethereum-in-shorter-time-frames">Navigating Ethereum in Shorter Time Frames</h2> 
<p style="text-align: justify">Zooming into the 4-hour time frame, Ethereum is showing a notable increase on the path to the daily close. The price action comfortably sits above the 4-hour Exponential Moving Averages (EMAs), indicating a positive sentiment with the condition of market participants supporting a retest. According to the analyst, bulls face a very important barrier: forming a higher peak above the previous 4-hour jump in the $2400 range.</p> 
<p><img loading="lazy" decoding="async" loading="lazy" class="wp-image-312070 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/eth-cointurk.jpg" alt="" width="2452" height="1146"></p> 
<p style="text-align: justify">A broader perspective reveals harmony across various time frames. The convergence of monthly, weekly, and annual openings around a very important 1-week pivot emphasizes the significance of this level. The direction of the following trend will significantly depend on the protection or breach of this critical junction, whether ignited from the 4-hour to higher time frames.</p> 
<p><img loading="lazy" decoding="async" loading="lazy" class="wp-image-312071 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/binance-eth-cointurk.jpg" alt="" width="2185" height="1217"></p> 
<p style="text-align: justify">According to the analyst, in the <a href="https://en.coin-turk.com/binance-invests-in-arkm-the-on-chain-intelligence-exchange/" data-wpel-link="internal">Binance</a> spot market, there is a notable discrepancy between spot demands and offers. This difference underscores the current uncertainty and emphasizes the need for caution when making trading decisions.</p> 
<h2 style="text-align: justify" id="analysis-of-cumulative-volume-delta-cvd-and-market-flow">Analysis of Cumulative Volume Delta (CVD) and Market Flow</h2> 
<p style="text-align: justify">The analysis of buyer flow indicates the dominance of the spot market in influencing price and trend trajectories. Continuous contracts are predominantly displaying an indecisive stance through hedging or short-selling activities. For long positions to gain interest, a sustained momentum and strength beyond $2400 is becoming mandatory.</p> 
<p><img loading="lazy" decoding="async" loading="lazy" class="wp-image-312072 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/eth-ethereum-cointurk.jpg" alt="" width="2129" height="1103"></p> 
<p style="text-align: justify">In conclusion, Ethereum’s journey is emerging amidst a complex interplay of technical indicators, market dynamics, and sentiment shifts. As investors navigate these complexities, a sharp understanding of structural patterns and key levels serves as a beacon in the midst of the ever-evolving crypto landscape.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-trading-insights-by-analyst-skew/" data-wpel-link="internal">Ethereum Trading Insights by Analyst Skew</a></h5>

Ethereum Trading Insights by Analyst Skew

قائمة المحتويات

COINTURK NEWS

المزيد من المقالات نُشرت في ٧ فبراير ٢٠٢٤

FTX Token Price Skyrockets 200% in 30 Days Should You Buy This Community Driven Meme Coin?

FSA Proposes Easier Rules for Tokenized Employee Rights in Web3 Companies

Axie Infinity Crypto: Can AXS Crypto Rise From Support Or Fall?

Exploring the Impact of Short Sales and Market Liquidity on Crypto Prices

Best Cryptocurrency To Buy In February 2024 To Make 10 Times More Money

Strategic Crypto Whale Trades Yield Significant Gains

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.