• Home
  • Courses
  • Become An Instructor
  • Blog
  • Shop
Digital Skill Institute
  • Home
  • Courses
  • Become An Instructor
  • Blog
  • Shop
      • Login

    ETH

    • Home
    • Blog
    • ETH
    • Ethereum Breaks below the $3,000 Crucial Support, Targets $2,750 Low

    Ethereum Breaks below the $3,000 Crucial Support, Targets $2,750 Low

    • Posted by DigitalLeonard
    • Categories ETH, ETH/USD, Ethereum, Price Analysis, Trade Ideas, Trading Briefs
    • Date April 24, 2022
    • Comments 0 comment

    [ad_1]

    Ether loses the $3,000 support
    Ether has resumed selling pressure

    Ethereum ETH) Current Statistics
    The current price: $2,946.30
    Market Capitalization: $354,977,240,842
    Trading Volume: $9,393,865,006
    Major supply zones: $4,000, $4,500, $5,000
    Major demand zones: $3,500, $3,000, $2,500

    Ethereum (ETH) Price Analysis April 24, 2022
    Ethereum’s (ETH) price is in a downtrend as it targets $2,750 Low. Ether declines to the low of $2,960.97 as the altcoin resumes upward. The altcoin is capable of a further downward move as it breaks below the moving averages. Meanwhile, on April 11 downtrend, A retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that ETH will fall to level 1.618 Fibonacci extension or $2,750.53.

    Ethereum Breaks below the $3,000 Crucial Support, Targets $2,750 Low
    ETH/USD – Daily Chart

    ETH Technical Indicators Reading
    The largest altcoin is at level 43 of the Relative Strength Index for period 14. The market is in the downtrend zone and below the centerline 50. Ether is capable of further downward move in the downtrend zone. The crypto’s price bars are below the moving averages indicating a further downward movement of the cryptocurrency. The 21-day line and 50-day line SMAs are sloping downward indicating the downtrend.

    Conclusion
    Ethereum is in a downward move as it targets $2,750 Low. The largest cryptocurrency faces rejection twice at the $3,160 resistance as price breaks below the moving averages. Meanwhile, on April 21 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that ETH will fall but reverse at level 1.272 Fibonacci extension or $2,879.70.

    Ethereum Breaks below the $3,000 Crucial Support, Targets $2,750 Low
    ETH/USD – 4 Hour Chart

    You can purchase crypto coins here. Buy LBlock:

    Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing

    Share with other traders!

    [ad_2]

    Source link

    • Share:
    author avatar
    DigitalLeonard

    Previous post

    Lblock Awaits Bullish Forces for Upsurge
    April 24, 2022

    Next post

    NZDUSD Creates a Balance Between the Buy and Sell Sides of the Market
    April 25, 2022

    You may also like

    EURCHF-1Day.png
    EURCHF Bears Successfully Led the Market Into the Demand Zone
    26 July, 2022
    DOTUSD_2022-07-22_09-45-20.png
    Polkadot Resumes Downward Correction as Buyers Fail To Keep Prices above $8 High
    23 July, 2022
    shutterstock_2100630550-min-scaled.jpg
    Ethereum CEO Lists Subsequent Upgrades to Come After the Merge
    22 July, 2022

    Leave A Reply Cancel reply

    Your email address will not be published. Required fields are marked *

    Search

    Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

    Crypto Trading Mastery: Buy, Sell, Trade Cryptocurrency for Profit

    ₦60,000.00 ₦25,000.00
    Step By Step Website Design Tutorial For Beginners

    Step By Step Website Design Tutorial For Beginners

    ₦10,000.00
    How To Create A Professional Website Without Coding

    How To Create A Professional Website Without Coding

    ₦150,000.00 ₦5,500.00
    Digital Marketing Institute Logo
    +2348165842119
    support@digitalleonard.com
    Facebook-f Twitter Google-plus-g Pinterest

    Company

    • About Us
    • Blog
    • Become An Instructor
    • Contact

    Links

    • Courses
    • Events
    • Gallery
    • FAQs

    Support

    • Join Our YouTube Channel
    • Telegram Forum
    • Facebook

    Recommend

    • BINANCE
    • BYBIT
    • HUOBI
    • KUCOIN
    • OKEX
    • BITGET

    Digital Skill Institute By DigitalLeonard.Com Powered by Digital Leonard.

    • Privacy
    • Terms
    • Sitemap
    • Contact

    Login with your site account

    Lost your password?