Come on ETH in May! Ethereum long less money?Ethereum explanation and potential price outlook The ETH is heading towards the $2,871 resistance level. After this fall, the price of Ethereum experienced a sharp recovery of more than 9%, giving investors hope. At the time of writing, the price shows positive movement towards both the 100-day simple MA and trend lines on both the 4-hour and 1-day time frames. As of today, the ETH price seems to be moving towards the 100-day simple MA and trend lines. The ETH price is still trading below these two indicators. This may reflect that at some point, the price of Ethereum may fall and continue its price falls. In addition, an analysis based on the RSI indicator (RSI), which investors are closely watching, shows that the RSI continues to hold above the 50 neutral zone, suggesting that the price may continue to pump pump. Finally, take a closer look at the MACD indicator on the 4-hour timeframe and see that the MACD indicator is above the zero line. It can also be seen that the MACD and the signal line intersect and move towards the neutral zone at the same time. While this indicates potential price action, it also indicates that the price may start to pump upwards. 1 Ethereum is long less dollars? Looking at Ethereum's past price action, there are two resistance levels in the $3,250 and $3,355 areas, while there is also a strong support level at $2,819. If the price of Ethereum moves upwards and may break through the $3,250 resistance level, it can be seen that the price moves more towards the second resistance level, $3,355. Conversely, if Ethereum fails to break above the existing resistance and turns fall bullish, it could start a downward move towards $2,819, which marks the previous support level. If this support level is broken in terms of the ETH, new lows can be seen in front of investors. #ContentStar #Gate post Highlights #HotTopicDiscussion #BountyCreator #GateLive #NewsMessenger #ETH #BTC #SOL #GT
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#ETH在5月会引来强势反弹吗?
Come on ETH in May!
Ethereum long less money?Ethereum explanation and potential price outlook
The ETH is heading towards the $2,871 resistance level. After this fall, the price of Ethereum experienced a sharp recovery of more than 9%, giving investors hope. At the time of writing, the price shows positive movement towards both the 100-day simple MA and trend lines on both the 4-hour and 1-day time frames.
As of today, the ETH price seems to be moving towards the 100-day simple MA and trend lines. The ETH price is still trading below these two indicators.
This may reflect that at some point, the price of Ethereum may fall and continue its price falls.
In addition, an analysis based on the RSI indicator (RSI), which investors are closely watching, shows that the RSI continues to hold above the 50 neutral zone, suggesting that the price may continue to pump pump.
Finally, take a closer look at the MACD indicator on the 4-hour timeframe and see that the MACD indicator is above the zero line. It can also be seen that the MACD and the signal line intersect and move towards the neutral zone at the same time.
While this indicates potential price action, it also indicates that the price may start to pump upwards.
1 Ethereum is long less dollars?
Looking at Ethereum's past price action, there are two resistance levels in the $3,250 and $3,355 areas, while there is also a strong support level at $2,819.
If the price of Ethereum moves upwards and may break through the $3,250 resistance level, it can be seen that the price moves more towards the second resistance level, $3,355.
Conversely, if Ethereum fails to break above the existing resistance and turns fall bullish, it could start a downward move towards $2,819, which marks the previous support level. If this support level is broken in terms of the ETH, new lows can be seen in front of investors.
#ContentStar #Gate post Highlights
#HotTopicDiscussion #BountyCreator
#GateLive #NewsMessenger
#ETH #BTC #SOL #GT