Ethereum Analysis Price

in #ethereum7 years ago (edited)

Ethereum is testing a support level right now at $1000. It struggles from 10 / 20-day EMA and 50 percent Fibonacci retracement level of the recent fall from $1410 to $750 they behave as strong resistance.

If $1000 level can't hold we expect a good support level at $900 and then 50-day SMA at $805.

On the upwards, Ethereum needs to go above 10 / 20-day EMA to resume the uptrend.