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Заголовок Ethereum Price Analysis: ETH Flirts With $2.5K But Bullish Prospects Remain Questionable
Дата 20241007

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Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Price Analysis: ETH Flirts With $2.5K But Bullish Prospects Remain
Questionable

Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Price Analysis: ETH Flirts With $2.5K But Bullish Prospects Remain
Questionable

Author: CryptoVizArt

Last Updated Oct 7, 2024 @ 12:59

Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s price has been consolidating in a wide range above the $2,000 mark.
Yet, things might change soon.

Technical Analysis

By Edris Derakhshi (TradingRage)

The Daily Chart

On the daily chart, the price has been moving sideways in a $500 range between
the $2,700 resistance level and the $2,200 support zone.

With the market testing the upper boundary multiple times and failing to break
above, $2,200 seems likely to be targeted in the upcoming weeks. On the other
hand, the RSI is approaching the 50% level from below, which suggests that the
bearish momentum is fading, which could also result in a reversal soon.
Source: TradingView

The 4-Hour Chart

The 4-hour chart paints a much more meaningful picture of the recent price
consolidation. The market has been trapped in a large symmetrical triangle
pattern, and each boundary has been tested twice.

Yet, with the $2,500 level being broken to the downside and retested from
below, the market will likely test the lower trendline soon. Source:
TradingView

Sentiment Analysis

By Edris Derakhshi (TradingRage)

Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Open Interest

This chart demonstrates the open interest (OI) metric, which shows the total
number of outstanding futures contracts. It reflects the level of trader
participation and market activity, with rising OI indicating increased
interest and falling OI suggesting traders are closing their positions or
getting liquidated.

The chart shows Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum s OI and price moving closely in tandem, with a
significant surge from late 2023 to early 2024, indicating high market
engagement and bullish sentiment.

However, the sharp decline in mid-2024 suggests a major bearish event or
liquidation, causing traders to exit their positions, leading to reduced
market activity and a price drop.

Despite some fluctuations, both the OI and price remain lower than earlier
peaks, reflecting a more cautious sentiment among traders. Yet, with such a
cooldown in the futures market, sufficient spot demand can initiate a
sustainable rally. Source: CryptoQuant

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Cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта charts by TradingView.

Tags: Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) Price

============= Итог: 1,9990 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Ethereum


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