Ethereum Price Analysis: Despite the Recent Increase, ETH Is Still At Major Risk

ETHUSDT Daily 23rd May min 0Thzga

Early this week, the crypto market turned green. During the last two days, altcoins have outperformed BTC, and this includes ETH. The latter was able to reclaim the $2K mark. However, is the storm over?
Technical Analysis
Technical Analysis By Grizzly
The Daily Chart
Ethereum is near a critical support level that might hold up the price in the daily timeframe. Moreover, by looking at the RSI 30-day indicator, it is evident that prior bullish legs have occurred when the RSI has broken above the baseline or 50 (in yellow) and then managed to consolidate above it.
The current value of this indicator is 40. The short-term speculators usually wait for the RSI to cross the baseline before seeking the buying opportunities in the market.
Key Support Levels: $1700 & $1500
Key Resistance Levels: $2200 & $2450

Moving Averages:
MA20: $2222
MA50: $2707
MA100: $2795
MA200: $3252
The ETH/BTC Chart
As mentioned in our most recent ETH analysis, the bulls once again successfully defended the dy

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We współpracy z: https://cryptopotato.com/ethereum-price-analysis-despite-the-recent-increase-eth-is-still-at-major-risk/

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