Key Support levels: $4,000
Key Resistance levels: $4,350, $4868 (ATH)
ETH failed to chart any meaningful gains throughout the week as bears intercepted all attempts at a rally and managed to bring the price back towards the $4,000 support on a few occasions.
This price action shows that bulls don’t appear ready to push above the $4,350 resistance, and bears are seemingly in control of the momentum, at least for the short term. Until $4,350 is flipped into support, bulls need to be very careful of potential downward movements.
Chart by TradingView
Technical Indicators
Trading Volume: The volume is decreasing, perhaps in anticipation of a major breakout. The previous attempts to break the key resistance level were on low volume, which is the reason why the bears were also successful to reject such attempts.
RSI: The daily RSI is making higher lows. This is somewhat bullish, but it is too early to get excited since the price can go either way.
MACD: The MACD is bearish on the daily time
We współpracy z: https://cryptopotato.com/ethereum-price-analysis-eth-resistance-at-4350-intact-will-bulls-step-back-in-soon/
