- ETH / USD prices are expected to rise.
- The strongest resistance is at $ 4914
- The strongest support is at $ 4100
The ETH / USD analysis shows that prices peaked on November 20, 2021, with a slight decline, before experiencing a sudden fall on November 21, 2021, before entering a steady and currently rising trend.
4-hour ETH / USD analysis: Market fluctuations are decreasing
After analyzing the 4-hour ETH / USD price chart, we concluded that the chart follows volatility, meaning that the market is not prone to experiencing variable price differences and therefore remains as stable as it can be. The upper limit of the Bollinger Band is $ 4,454 as resistance and the lower limit of the Bollinger Band is $ 4,100 which is support.
The ETH / USD price crosses the curve and shows a sloping line from the moving average, which indicates an upward movement in the chart. The Relative Strength Index (RSI) is at 44. This shows that digital currency assets remain in the middle. They are not over-sold, but they are not undervalued. Both bulls and bears have tight market control. However, according to the analysis of the charts, the cows may kill something and raise the price in some way.
One-day ETH / USD analysis: Market fluctuations are increasing
ETH / USD One Day Price Chart Analysis We conclude that as volatility increases, although it is not very clear, prices will soon be prone to change, and may even rise sharply or fall sharply. The upper limit of the Bollinger Bands is $ 4914 which is resistance and the lower limit is $ 4072 which is asset support.
The moving average of the chart is crossing a curve that shows an upward movement. The Relative Strength Index (RSI) is at 46, so we infer that the assets are clearly in the middle and show no signal for change. Bulls and bears once again dominate the market almost equally. Currency that has not been sold too much has also been undervalued, although due to rising volatility it may change soon and prices may move in both directions.
Conclusion ETH / USD analysis
After careful analysis of the charts, the result is that the runner-up in the crypto race actually performs very well and the prices may even skyrocket, but you can never know for sure in this market. The charts show that if the steady resistance is in their favor, the runners-up may jump over the $ 5,000 threshold. However, this may not be the case if the bears take action and reduce costs. The cows then have to come up with plans to dominate the market.
If you analyze the general chart, the price has been in surplus for some time, so in general the cows clearly dominate the market by the leagues. If the bears want to win the runner-up, they have to upgrade their game.
Disclaimer. The information provided is not a commercial recommendation. Ramzifa.ir is not responsible for the investments made based on the information provided on this page. We strongly recommend independent research and / or consultation with a qualified professional before deciding to invest.