The Ethereum price (ETH) is fluctuating below the $1,700 level.
Iloiloga umi o le tau Ethereum: bullish
The recent uptrend has ended since January 20, when the market reached an overbought level. Ether traded in a range last week as buyers try to resume the uptrend. On February 2, when Ether reached a high of $1,714.60, the price of the cryptocurrency broke through the resistance level. Buyers were unable to maintain positive momentum above the $1,700 support level. As a result, Ether fell and was forced to trade in a range below the resistance level. Ethereum will reach a high of $1,800 if buyers can overcome the resistance levels of $1,600 and $1,700. However, if Ether falls and the bears break the support at $1,500, the selling pressure will increase. The altcoin will then fall to the low of $1,352.
Iloiloga o faʻailoga Ethereum
The Relative Strength Index for the 14 period was 63. The altcoin will rise due to its current favorable trend. The price bars are above the moving average lines, which indicates that the price of the cryptocurrency will continue to rise. The daily stochastic is at 50, which means that the cryptocurrency is in a positive momentum.
Faʻamatalaga faʻapitoa:
Laʻasaga teteʻe autu - $ 2,000 ma le $ 2,500
Maualuga lagolago tulaga - $ 1,800 ma le $ 1,300
O le a le isi itu mo le Ethereum?
Ether is moving sideways just below the $1,700 resistance level. After rejecting the recent high, it has currently fallen back above the $1,600 support. With buyers failing to break the recent high, the digital asset may be forced to trade in a range.
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.
Punavai: https://coinidol.com/ethereum-high-1700/