It goes well with the Ethereum price. After Thursday night, the price was speeded up, the price has since then been a 20 per cent increase!
Investors are thrilled, because Ethereum 2.0 is coming closer and closer. For the latter, others are expected to be in August, and the final version of the new network, which is becoming closer to a reality. Also, with the advent of the decentralized financial sector (on a Final), what Ethereum is running, it can be a catalyst for the price.
However, in this article we will look purely at the figures. What’s the exchange rate for the next few days?
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Race through key resistance
We are looking only at the graph, you will see that we will continue to be a major reason why Ethereum is increased. The price is due to the strong resistance from 248 us dollars (213 euro) may be broken. The resistor you can see on the chart below, the red line, with arrows you can see that the stock price will often go against this line up.
The price of Ethereum, it is now on its way to the highest point of the year 2020, which is 290 u.s. dollars (250 euro). That is, it is not too far way, the price should be with only a 20 dollar increase. That’s an increase of about 7 per cent of the value of the present. The chart above shows this level with the green line.
Ethereum will remain on an upward trend
Ethereum got hit hard after the coronacrisis, but the rate is pretty recoverable. It also shows the confidence that the price will find support at the moving averages the past 50 days, and the 50-day moving average. The chart below shows the average of the red line.
The share price in the past two months, two times in a aid, it has been found on the red line. As long as the price of support continues to be found, the upward trend will remain intact.
Fibonacci’s sequence gives distinct levels of
In technical analysis, you can always count on the support of the Leonardo Leonardo Leonardo Leonardo Leonardo da da da da da Pisa. Even though he has been dead for many years, are the Fibonacci sequence is often used for a variety of purposes. However, in the twelfth century, he probably never envisaged that the series would be an Ethereum koersanalyse.
How does it work? On Tradingview you have to select Fibonacci, and draw a line from the highest point in 2020, to the peak. The lines are then created, often with clear support and resistance with.
You can see that the share price in the last month, neatly, between the lines, it was moving. The resistor is on the blue line (0.768) was a tough nut to crack, but it is a good example of that is the price it has to be broken. Now, to clear the way for an increase to 290 us dollars.
If you want to learn more about Fibonacci? Then take a look at this page.
What can be the price to expect?
It looks so good! However, what we can make in the course of the Ethereum expect. We will describe two scenarios: a positive (bullish) or negative (bearish). To make the areas better and to give up some zoom on the graph, you’re looking at the current market price from april 2019 to and including today.
Bullish
In the positive scenario, the rise in the exchange rate to 290 usd (250 eur), the highest peak in 2020, as well as the orange bar on the graph. If that? It is in the way, again, for the highest point in the last year, which is 360 usd (310 eur). This is the green line on the chart.
Bearish
But what if Ethereum resistance to it? Over the course posterior movement to 248 us dollars (213 euros). This used to be a strength, but it can now serve as a back up.