Coin Gabbar Token

<h2 id="header-0">Ethereum has recovered its losses and reached the $1,300 level against the US dollar. If there is a clear rise over $1,350, ETH might start a new rally.</h2>Today&#39;s <a href="https://www.coingabbar.com/en/crypto-currency/ethereum-eth-prices-usd" rel="noopener noreferrer nofollow">Ethereum</a> price analysis is bearish, as the coin has seen rejection throughout the previous 48 hours, despite a few moves upward. Overall, the coin has been consolidating since 22 September 2022, as the price has been closing in the same range, mostly only a few points over the $1300 level, despite the direction of the trend. However, the coin had a swing low of $1253 and the current price of $1320.After a sharp decline, Ethereum found support at $1,250. ETH fell as low as $1,253 before resuming its upward trend. The price increased rapidly and was able to break over the $1,300 barrier.Above the $1,300 level, the bulls were active. The price clearly moved over the 50% Fib retracement level of the decline from the $1,400 swing high to the $1,253 low. The price is currently trading close to $1,320 and the 100 hourly simple moving average.On the hourly chart of ETH/USD, a short-term contracting triangle is forming, with support near $1,340. On the upside, the price is facing resistance at $1,350 and $1,360 levels.The 4-hour price chart for Ethereum price analysis shows bearish momentum in the previous four hours, with price levels continuing to decline after a downward price breakthrough at the start of today&#39;s trading session. Bears appear to be gaining strength as selling pressure has returned after a brief recovery, with the currency seeking support at $1250.On the 4-hour chart, volatility is low as Bollinger bands maintain their short range, with the upper band at $1391 and the lower band at $1270; the price has stepped below the indicator&#39;s mean average line, indicating a bearish trend in the coming hours. The relative strength index is at index 47.72 after moving downwards on a downwards curve toward the center line of the neutral zone.According to <a href="https://www.coingabbar.com/en/price-analysis" rel="noopener noreferrer nofollow">Price Analysis</a>, The market capitalization of this ETH is estimated to be $161,981,265,248. The 24-hour trading volume for the coin is around $16,619,839,710. ETH market capitalization has risen by 3.43%. However, trade volume decreased by 6.04% during intraday trading. The market capitalization to volume ratio is 0.103.The next significant resistance is $1,360. It is close to the 76.4% Fib retracement level of the decline from the $1,400 swing high to the $1,253 low. A clear break over $1,365 might start a strong rise towards $1,400. Any more gains may open the door for a move towards the $1,450 barrier, over which the bulls may try for $1,500.If Ethereum fails to break over the $1,360 resistance, it may begin a new drop. On the downside, an early support level is at $1,300. In the short term, a break below the $1,300 level might push the price towards the $1,250 support. If there are any further losses, the price might fall to $1,250.KEY LEVELS :RESISTANCE LEVEL: $1280-$1220SUPPORT LEVEL: $1350-$1400ETHEREUM has been trading in the parallel channel line since last week. The new trend will be decided by breakouts. Have you seen something on a graph?

ETHEREUM PRICE ANALYSIS CMP-$1320 Price is set to fall further, trading below 100-day moving average

Table of Contents

Coingabbar

Další články publikované 29. 9. 2022

The official launch date of the STEM exchange

California Starts Cracking Down on 11 Crypto Companies

Director at the Nano Foundation George Coxon has officially been made an Industrial Fellow at UEL

Shiba Inu Burn Rate Increases as Unknown Wallets Destroy Massive Sum

Game Reaction Event Rewards Distributed

88 Mfer Giveaway to Random 88 lucky users

Join our free newsletter for daily crypto updates!