News

Invite your friend, gain the wage per transaction

Create wallet and store your cryptocurrency

Shop your supported cryptocurrencies in safety

Trade your supported cryptocurrencies in safety
Bitcoin, Ethereum and ripple wallet in doshalexchange

  Ethereum Medium-term Analysis

YMI
Lets take a look at ETH for the week ahead and highlight some key levels to begin the month of April.
ETH is currently deadlocked within a slightly ascending channel on the daily. In regards to the short term, we have just rejected the $147.50 weekly high and have traded lower today. Like BTC , the weekly closure above/below this key pivot will signal the strength of the bulls.
The next direction is a coin flip currently as well with a break of $150 leading to an upside push and a loss of $142 signaling we will trade into lower support. The next levels of resistance ensuing a breakout higher are the $165 weekly resistance and $180 Monthly resistance regions.
However if we do see a pullback in the overall market: the $135 major pivot is directly below which will be a retest of the counter trendline breakout as well. If we see responsive buying at this level again I believe that could be the retest/bear trap needed to send up back into the prior resistance and rocket ETH higher. But if this pivot is lost we have the daily trendline at $125 to be 1st tested as support. And the $105 weekly and $85 monthly support levels below if the recent bullish push was just a tease lol.

Happy Trading!



  Total visitors count:  21