“Bitcoin demonstrates signs of instability after falling below $ 120,000 and is currently trying to stay at $ 110,000. In this context, institutional investors continue to bet on Ethereum. Last week, the second largest capitalization of the cryptocurrency market raised approximately $ 340 million. After the storm, we summarize the technical condition of ETH! Ethereum price fell by almost 4% for 24 […]”, – WRITE: Businessua.com.ua
Bitcoin demonstrates signs of instability after falling below $ 120,000 and is currently trying to stay at $ 110,000. In this context, institutional investors continue to bet on Ethereum. Last week, the second largest capitalization of the cryptocurrency market raised approximately $ 340 million. After the storm, we summarize the technical condition of ETH!
Ethereum price fell almost 4% in 24 hours Bitcoin is not the only asset which is undergoing difficulty, Since at the time of writing the article the price Ethereum again fell below $ 4,000 . Eth fell almost 4% in 24 hours , at 16% a week and 15% per month :
Couple 1 hour 24 hours 7J 1 million. 3m 6 million. 
Eth/BTC
-0,2198% -0.7408% -5.80% -11.25% 34.27% 88.66% 
Eth/USDT
-0,5929% -3.88% -16.01% -15.12% 25.25% 147.56% Ethereum performance against different pairs. Source: Coincheckup
We need to return three months ago to see the positive dynamics of the dollar (+25%). Also ETH nervous about bitcoin . Eth/BTC pair fell almost 6% a week and more than on 11% per month .
Ethereum price will recover from a weekly support $ 3900? ETH saves encouraging dynamics weekly since the price is moving around $ 3900 support level and between Bull sliding average (EMA 9/EMA 18) :
The price of the Etroreum against the dollar (1 week) – Register with Trading View using our affiliate link.
In this area you can expect restoration . If the price recovers it can reach last ath at $ 4950 . However, if The $ 3900 level will not hold on and sellers will win, the price can return to the support level of $ 2900. RSI is moving on the other side of the bear line, but it falls since August. Therefore, the momentum is brittle at the moment .
Daily the price ETH varies in range from 4000 to 4700 dollars . Unfortunately, a recent fall has led to breakthrough of a bull -line trend that has existed for several months:
The price of the Etroreum against the dollar (1D) – register with Trading View using our affiliate link.
Eth sent The first notification and if the level support $ 4000 will not allow to bounce, further fall to the level Support $ 3500 . In addition, the loss of level Support $ 3500 can lead to reaching Maximum price ETH . On the other hand, if buyers wake up and the level $ 4000 will remain the price can return beyond the bovine trend line. But in order for ETH to continue its movement, it is necessary punch resistance at $ 4700 . RSI, for its part, can confirm bull divergence In the case of punching the bear line and passing beyond 63 .
Eth has returned to a significant weekly level and a reaction of purchase is possible. However, if ETH does not recover quickly, it is possible to further reduce to $ 3500. Ethereum is hesitant but Bitmin continues its accumulation strategy!
Source: Journalducoin.com
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