Main point:
The price of ETHER (ETH) was in a range for several days, but institutional investors seem silently. The products circulated in ETHER Exchange (ETPS) recorded $ 225 million in flows for the trading week ending Friday, according to Coinshares data. It was the eleventh consecutive week of flows at ethe etps.
Can continuous purchase to Ether Etps pay the price above the public resistance? Let’s analyze the plans to find out.
Predicting the price of ether
The ether has been maintained higher than the SIA moving average for 20 days ($ 2.507) during the past few days, indicating a positive feeling of merchants.
The bulls will have to pay the price at a higher level above 2,635 dollars to open the doors to gather to the public resistance of $ 2738. Sellers are expected to be a strong challenge in the $ 2738 region to $ 2,879.
On the negative side, a break and closure below EMA for 20 days indicates that the bulls have surrendered. This increases the risk of strong support at $ 2,323. Buyers are likely to appear between $ 2111 and $ 2,323.
Related to: The XRP price should break this main level to recover 3 dollars
ETH/USDT pair shaped a similar triangular style on the graph for 4 hours, indicating the frequency between bulls and bears. The feature will tend to take advantage of the bulls in a break and close over the triangle. If this happens, the husband can rise towards the goal of the pattern of $ 2,751.
Instead, if the price rejects and breaks under the triangle, it indicates that the feature has been tended to be in favor of the bears. The husband may then fall to the target target of $ 2,364.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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