$ETH price analysis.....🚀🚀🚀
Ether
$3,163
tried to break above the 20-day EMA ($3,237) on April 24, but the long wick on the candlestick shows that the bears are not relenting. #ETH/USDT daily chart.
If the price maintains below the 20-day EMA, the ETH/USDT pair risks a breakdown below $3,056. If that happens, the pair may retest the critical support at $2,852. This is a vital support to watch out for because a break below it may sink the pair to $2,700.
If the price turns up from the current level or $3,056 and breaks above the 20-day EMA, it will suggest that the selling pressure is reducing. That could push the pair to the 50-day SMA ($3,466) and then to $3,679.
