Ethereum Price Analysis

The bears are attempting to sink Ethereum below the April 13 low of $2,852, but the long tail on April 19 suggests that the bulls are buying on dips.

The price is likely to touch the 20-day EMA (3,261), which may witness a battle between bulls and bears. If the price turns down from the 20-day EMA, the bears will once again try to sink to 2,852. If successful, ETH may drop to 2,717 and subsequently to 2,200.

If the price rises above the 20-day EMA, it will indicate that the correction is over. An attempt will be made to pull above the overhead resistance at 3,679.#大盘走势 #ETH