empty
 
 
22.06.2022 04:12 PM
Ethereum short-term oversold but still inside medium-term bearish channel.

This image is no longer relevant

Red lines- bearish channel

Ethereum price recently made a low at $880 and is now trading above $1,000 again. Price remains inside the downward sloping medium-term channel. The RSI is at oversold levels and turning higher in the Daily chart. There is upside potential towards the upper channel boundary resistance at $1,370. As long as price is inside the red channel, Ethereum will be vulnerable to new lows. Current market conditions justify a bounce higher towards channel resistance where we also find the 38% Fibonacci retracement of the decline from $2,015. Concluding, trend remains bearish in the medium-term, however in the short-term there is some upside potential.

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback