Ethereum prices have halted at the 50-day SMA barrier, despite exceeding the moving average line.
Ethereum Price Long-Term Analysis: Bull
Cryptocurrency prices exceed the 21-day SMA, but below the 50-day SMA after retreating from the recent high. When buyers beat the 50-day SMA, the biggest Altcoin rises to $2,100. The Bears bring a challenge to the $2,000 psychological mark. If cryptocurrency prices stay above the 21-day SMA, you will be locked up.
Meanwhile, when the Bears defeat the 21-day SMA support, the ether will either return to its previous range or exceed the $1,500 level. Currently, ether is trading above the key support level of $1,750. The biggest altcoin falls if the Bears fall below $1,750 support. Ethereum is worth $1,796 at the time of writing.
Ethereum price indicator analysis
After the current gathering, the ether price bar is between the moving average lines. If buyers maintain prices beyond the 50-day SMA, Altcoin will resume the uptrend. As previously reported by Coinidol.com, the 50-day SMA has not been compromised since January 7th.
On the 4-hour chart, ether prices are above the moving average line. However, the upward momentum has stagnated at the $1,850 level.
Technical indicators:
Major Resistance Levels – $4,000 and $4,500
Key Support Levels – $2.000 and $1,500
What’s next for Ethereum?
The biggest altcoins began to rise again after breaching resistance at $1,750. On the daily chart, the positive trend resumes when ether prices exceed the 50-day SMA.
On the four-hour chart, Ether is currently trading above the moving average line, but below $1,850. If the range-bound level is not broken, lateral movement continues.
Disclaimer. This analysis and prediction is the author’s personal opinion. They do not recommend buying and selling cryptocurrencies and should not be considered as approval by coinidol.com. Readers should do research before investing in funds.
