Скачать или смотреть Ethereum Technical Analysis | ETH Token | Crypto Crash | Cryptoknowmics

Welcome Back to Cryptoknowmics!!
We are here yet again to enlighten you with predictions from the Crypto community!!

And today we present to you a technical analysis video on the ETH Token!

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.

The live Ethereum price today is $4,192.38 with an intraday trading volume of $24,466,320,346. It is up 0.88% in the last 24 hours. It’s current global ranking is #2, with a live market cap of $497,315,853,561.

With the bullish recovery forming a long lower price rejection candle on 4th December, the ETH coin price rises above the support trendline. Moreover, the inside candle formed yesterday brings a breakout entry opportunity.
Let’s have a deepened insight into the technical analysis of ETH Token and see what the indicators have to say about it.

The short-term support trendline forming in the daily chart helps the ETH price rise against the bears. Hence, traders can expect a bullish reversal to the $4500 shortly.

The price action forms a symmetrical triangle in the daily chart. Thus, traders can find entry opportunities at pattern breakout. Moreover, the pivot points indicate resistance levels at $4075 and $5000.

The RSI is at the 46% mark, as the slope stabilizes below the central line in the daily chart. Furthermore, the slope shows bullish divergence indicating a bullish reversal shortly.

The MACD indicator gave the bearish crossover during the downside resonance within the triangle pattern. Moreover, the fast and slow lines maintain a trend below the zero-line in the daily chart.

Therefore, the indicators are contradicting each other in the ETH coin price. Nonetheless, the price action forecast a reversal to the $4500 mark.
Therefore, traders can expect the ETH coin price to reverse within the triangle pattern. And, for traders hoping to catch a directional trend, the pattern breakout will bring an excellent entry opportunity.

Hope this video was helpful, and you got what you were looking for!!
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