Santa Rally, Ethereum Fiyat Düzeltme Aşamasıyla Yüzleşirken Swing Traderları Tuzağa Düşürdü

• Ethereum price again slipped below the $1300 mark in the intraday trading session.
• The market capitalization has fallen by 2.5% to $157.7 billion in the last 24 hours.

The crypto market is down slightly as the total market capitalization declined by 1.26% to $860.19 billion. Amid the positive vibes, Bitcoin climbed to a monthly high above $18K, and Ethereum price moved above the $1300 level. Bears started applying selling pressure on ETH, which pushed the price below the $1300 mark.

As per Coinglass, nearly $23.8 Million have liquidated in last 24 hours. However, Ethereum price is moving lower and Long/Short Ratio is present at the 0.92 mark. Shorts are greater than Longs, suggesting bears dominance on ETH. 

Ethereum Price Chart on 4 Hour

Ethereum price is declining on the 4-hours chart. After reaching a 30 day high of $1352. Amidst the retracement phase, ETH price again declined below the $1300 mark in the intraday trading session. Thus the second largest cryptocurrency is approaching the green moving line of the EMA ribbon indicator, in fact, the bulls are waiting for a retest of the support trendline to meet the retracement level.

If Ethereum price breaks below the rising trend line, buyers could see a drop of around 8.5% until it hits the previous low of $1150. Meanwhile, as of press time, the asset is trading at $1287 against USDT. Moreover, ETH price relative to the bitcoin pair is down 2.13% at 0.07278 satoshis.

Ethereum Price Chart on Daily Basis

In terms of the daily price scale, Ethereum today slipped below the 50-day exponential moving average. Now 20 EMA is the next support level for the bulls. The buyers should maintain this support level. Conversely, the RSI indicator remains above the semi-line (50 points), but its peak is about to push past this support level.

Sonuç

Ethereum price is finding support after a slide below the $1300 level. In the upcoming trading session, the bulls should keep ETH price above the 20-day exponential moving average to keep itself away from another price slide.

Teknik Seviyeler

Destek seviyesi – $ 1200 ve $ 1100

Direnç seviyesi – $ 1300 ve $ 1500

Feragatname 

Yazar veya bu makalede adı geçen kişiler tarafından belirtilen görüş ve görüşler yalnızca bilgilendirme amaçlıdır ve finansal, yatırım veya başka bir tavsiye içermez. Kripto varlıklarına yatırım yapmak veya alım satım yapmak, finansal kayıp riskiyle birlikte gelir.

Andrew, mezuniyet sonrası kripto para birimlerine olan ilgisini geliştiren bir blok zinciri geliştiricisidir. Ayrıntıların keskin bir gözlemcisidir ve bir geliştirici olmakla birlikte yazma tutkusunu paylaşır. Blockchain hakkındaki arka uç bilgisi, yazılarına benzersiz bir bakış açısı kazandırmasına yardımcı oluyor.

Andrew Smith'in son gönderileri (Tümü)