O le Ethereum o lo'o umia i luga a'e o le $1,400 ma maua ai le malosi maualuga

The Ethereum price (ETH) is in a downtrend, falling to a low of $1,420.90.

Long term analysis of the Ethereum price: bearish

The price of the largest altcoin’ has been moving in a range between $1,500 and $1,700 since January 20. Buyers failed to keep the price above the resistance level of $1,700. After rejection at the $1,680 high, selling pressure resumed on March 2. Both the moving average lines and the $1,500 support level were breached by the cryptocurrency price. Selling pressure is likely to increase if the price drops below the moving average lines and the support level of $1,500. The previous breakout level of $1,352 is the target of this current decline. Moreover, the price indicator suggests that crypto prices will continue to fall. The altcoin will fall even further, to the 2,618 level of the Fibonacci extension, or $1,306.16.

Iloiloga o le faʻailoga Ethereum

The biggest altcoin is at the level 30 of the period 14 of the Relative Strength Index. The oversold area of the Ether market has been reached. When the market approaches the oversold area, the current decline will slow down. The current decline has accelerated as the price bars are now below the moving average lines. The daily stochastic also indicates that the altcoin is oversold.

Faʻamatalaga faʻapitoa:

Laʻasaga teteʻe autu - $ 2,000 ma le $ 2,500

Maualuga lagolago tulaga - $ 1,800 ma le $ 1,300

O fea e alu i ai Ethereum mai iinei?

Ethereum drops to a low of $1,370 before recovering. The altcoin is currently trading above the $1,400 support level. As it tries to return to its previous highs, Ether is correcting higher. Once it breaks above the moving average lines or resistance at $1,560, the altcoin will resume its uptrend.

Fa'ailoga. O lenei auʻiliʻiliga ma faʻamatalaga o manatu patino ia o le tusitala ma e le o se fautuaga e faʻatau pe faʻatau atu cryptocurrency ma e le tatau ona vaʻaia o se faʻamaoniga a CoinIdol. E tatau i le aufaitau ona fai a latou suʻesuʻega aʻo leʻi faʻafaigaluegaina tupe.