Ether Price Analysis
Ether
ETH
tickers down
€3273.50
has been fluctuating within a wide range between $2,850 and $4,094 for several days.
Bulls are trying to initiate a recovery from the uptrend line, but they will face strong resistance at the 20-day EMA ($3,494). If the price sharply turns down from the 20-day EMA, the ETH/USDT pair could drop below the uptrend line. This could lead the pair towards the $3,000 to $2,850 zone.
Buyers will need to push and maintain the price above the 20-day EMA to invalidate the bearish outlook. The pair could then advance towards $4,094.
