Ethereum

Shift

Momentum

Time

<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Before you reading, did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>
<ul>
 <li>Ethereum shows signs of a changing trajectory, breaking through key levels in short-term trends.</li>
 <li>Medium-term analysis indicates a shift from a falling to a rising trend, signaling bullish momentum.</li>
 <li>In the long term, Ethereum continues its upward trend, underpinned by increasing investor interest.</li>
</ul>
<p><strong>This analysis delves into Ethereum’s current technical trends, highlighting its positive trajectory in short, medium, and long-term perspectives.</strong></p>
<h2 id="strong-short-term-perspective-a-shift-in-momentum-strong"><strong>Short-Term Perspective: A Shift in Momentum</strong></h2>
<figure id="attachment_131174" aria-describedby="caption-attachment-131174" style="width: 100%" class="wp-caption alignnone"><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-1D-CHART-18-NOV.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-131174" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-1D-CHART-18-NOV.webp?resize=696%2C480&amp;quality=70&amp;ssl=1" alt="ETHUSDT 1D CHART 18 NOV" width="696" height="480" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-1D-CHART-18-NOV.webp?w=1216&amp;quality=70&amp;ssl=1 1216w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-1D-CHART-18-NOV.webp?resize=300%2C207&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-1D-CHART-18-NOV.webp?resize=1024%2C706&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-1D-CHART-18-NOV.webp?resize=768%2C529&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-1D-CHART-18-NOV.webp?resize=150%2C103&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-1D-CHART-18-NOV.webp?resize=218%2C150&amp;quality=70&amp;ssl=1 218w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-1D-CHART-18-NOV.webp?resize=696%2C480&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-1D-CHART-18-NOV.webp?resize=1068%2C736&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-131174" class="wp-caption-text">
  ETHUSDT 1D CHART 18 NOV
 </figcaption>
</figure>
<p>In the short term, Ethereum has experienced a significant shift, breaking through the lower boundary of a rising trend channel. This movement suggests a potential slow down in its ascent or the beginning of a more horizontal trend. The cryptocurrency finds its support at 1,730 points and faces resistance at 2,120 points. Notably, the trading volume has been high at price peaks and low at troughs, which could weaken the impact of this trend break. The Relative Strength Index (RSI) shows a negative divergence against the price, indicating a possible downward correction. Despite these factors, Ethereum is still technically assessed as positive in the short term.</p>
<h3 id="strong-medium-term-analysis-overcoming-the-downtrend-strong"><strong>Medium-Term Analysis: Overcoming the Downtrend</strong></h3>
<p>In the medium term, Ethereum has broken through the ceiling of a falling trend, suggesting a change in momentum from a downward to an upward trajectory. The currency has sent a positive signal by breaking through the resistance at 1,883 points, with projections indicating a further rise to 2,333 points or more. Ethereum currently fluctuates between support at 1,840 points and resistance at 2,000 points. A decisive break through one of these levels will likely set the new direction. Overall, Ethereum’s medium-term technical assessment remains positive.</p>
<h2 id="strong-long-term-outlook-sustained-positive-growth-strong"><strong>Long-Term Outlook: Sustained Positive Growth</strong></h2>
<figure id="attachment_131175" aria-describedby="caption-attachment-131175" style="width: 100%" class="wp-caption alignnone"><a href="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-4D-CHART-18-NOV.webp?quality=70&amp;ssl=1" rel="noopener noreferrer nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-131175" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-4D-CHART-18-NOV.webp?resize=696%2C477&amp;quality=70&amp;ssl=1" alt="ETHUSDT 4D CHART 18 NOV" width="696" height="477" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-4D-CHART-18-NOV.webp?w=1209&amp;quality=70&amp;ssl=1 1209w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-4D-CHART-18-NOV.webp?resize=300%2C206&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-4D-CHART-18-NOV.webp?resize=1024%2C702&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-4D-CHART-18-NOV.webp?resize=768%2C527&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-4D-CHART-18-NOV.webp?resize=150%2C103&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-4D-CHART-18-NOV.webp?resize=218%2C150&amp;quality=70&amp;ssl=1 218w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-4D-CHART-18-NOV.webp?resize=696%2C477&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/11/ETHUSDT-4D-CHART-18-NOV.webp?resize=1068%2C732&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></a>
 <figcaption id="caption-attachment-131175" class="wp-caption-text">
  ETHUSDT 4D CHART 18 NOV
 </figcaption>
</figure>
<p>Long-term analysis of Ethereum shows a break from a roughly horizontal trend channel, signaling sustained positive growth. This upward trend is supported by increasing investor interest. The cryptocurrency is trading within a rectangle formation, with support at 1,445 points and resistance at 2,215 points. A decisive break through one of these levels will indicate the new direction for the currency. Ethereum’s break through the resistance at 1,630 points further predicts a continued rise. In case of a downturn, support is now expected at the 1,630-point level. The long-term technical assessment of Ethereum is overwhelmingly positive.</p>
<h3 id="strong-comprehensive-analysis-ethereum-s-consistent-positive-performance-strong"><strong>Comprehensive Analysis: Ethereum’s Consistent Positive Performance</strong></h3>
<p>Summing up the technical analysis across different time horizons, Ethereum presents a consistently positive outlook. Despite potential short-term volatility and the need for cautious trading due to the negative RSI divergence, the medium and long-term analyses strongly suggest a bullish trend. These indicators provide valuable insights for investors in navigating the dynamic world of cryptocurrency.</p>
<h3 id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p>In conclusion, Ethereum’s recent technical trends across various time frames paint a broadly optimistic picture for its future performance. The cryptocurrency exhibits strength and potential for continued growth, making it a focal point for investors and market analysts alike. However, market participants should remain vigilant, especially in the short term, balancing optimism with a cautious approach as the cryptocurrency landscape continues to evolve.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/ethereum-eth-technical-breakthrough-a-positive-trend-across-all-time-frames/">Ethereum ETH Technical Breakthrough: A Positive Trend Across All Time Frames</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener noreferrer nofollow"><strong><span style="color: #000000;">Did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>

Ethereum ETH Technical Breakthrough: A Positive Trend Across All Time Frames

Table of Contents

CO NEWS

Other articles published on Nov 18, 2023

Greg Brockman And Sam Altman Shocked On OpenAI’s Board Decision, Shared Views

Watch Out: Major Conference Will Be Held Today That Could Affect Three Altcoins

Canada Raises Alarm Over Fake News Generated by Artificial Intelligence

BlackRock Nasdaq Move Opens Door for Ether ETF; New AI Crypto Attracts Big Players

Kazakhstan achieves first retail payment with digital tenge

Sleek, the Web3 Social Network, Raises US$5m to Power the Ownership Economy

Join our free newsletter for daily crypto updates!