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Ethereum price Analysis | #ETH
#ETHUSDT surged above the 20-day EMA ($1,830) on May 23, but the bulls could not continue the up move on May 24. The bears pulled the price back below the 20-day EMA on May 24.
This suggests that the #ETHUSDT pair may continue to trade inside the falling wedge pattern for a few more days. A break below the wedge will indicate the start of a deeper correction.
The first support on the downside is to $1,352.
Conversely, if the price turns up and breaks above the wedge, it will signal the start of a new up move. The pair could first rise to $2,000 and thereafter to $2,200. #feedfeverchallenge #shanghai
#ETHUSDT surged above the 20-day EMA ($1,830) on May 23, but the bulls could not continue the up move on May 24. The bears pulled the price back below the 20-day EMA on May 24.
This suggests that the #ETHUSDT pair may continue to trade inside the falling wedge pattern for a few more days. A break below the wedge will indicate the start of a deeper correction.
The first support on the downside is to $1,352.
Conversely, if the price turns up and breaks above the wedge, it will signal the start of a new up move. The pair could first rise to $2,000 and thereafter to $2,200. #feedfeverchallenge #shanghai
📊 Top 5 Most Popular Cryptocurrencies of the Day (December 16)
🔡 $VIRTUAL – Market Value: $2.83B (+16.01%)
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🤟 $CHILLGUY – Market Value: $370.04M (+16.29%)
🙈 $MONKY – Market Value: $154.24M (+28.59%)
🐺 $SHANG – Market Value: $1.52M (+25.15%)
#VIRTUAL #SPX #chillguy #monky #shanghai
🔡 $VIRTUAL – Market Value: $2.83B (+16.01%)
🟡 $SPX – Market Value: $763.59M (+21.72%)
🤟 $CHILLGUY – Market Value: $370.04M (+16.29%)
🙈 $MONKY – Market Value: $154.24M (+28.59%)
🐺 $SHANG – Market Value: $1.52M (+25.15%)
#VIRTUAL #SPX #chillguy #monky #shanghai