$ETH price analysis....๐๐๐
The bears tried to sink Etherย
$3,075
below the April 13 low of $2,852, but the long tail on the April 19 candlestick shows that the bulls are aggressively buying the dips. #ETH/USDT daily chart.
The price could reach the 20-day EMA ($3,261), which is likely to witness a tough battle between the bulls and the bears. If the price turns down from the 20-day EMA, the bears will make one more attempt to sink the ETH/USDT pair below $2,852. If they can pull it off, the pair may collapse to $2,717 and subsequently to $2,200.
Alternatively, if the price rises above the 20-day EMA, it will suggest that the correction has ended. The pair will try to rise to the overhead resistance of $3,679.
