Ethereum peaks in two years at $ 1,440. But he can’t get past it. Climbing above $ 1,450 would set $ 1,625 as a target for the bulls. On the other hand, falling below $ 1290 could see ETH revisit the support level of $ 1150. On the other hand, Monero shows bearish momentum. Indeed, it was trading just above a crucial support level. While Dogecoin continued to consolidate.
The range in which ETH was previously traded has its upper limit at $ 1290. Which should serve as support if ETH sees a drop.
The 27% Fibonacci extension projects a target of $ 1,625 for ETH. The RSI remained above neutral 50 and showed momentum leaning towards the bulls. The OBV continues to show higher lows, indicating an increase in buying volume.
Using the Fibonacci retracement tool for XMR’s move from $ 128 to $ 190 earlier this month, the 50% and 61.8% retracement levels at $ 156 and $ 149 are highlighted – levels that have seen a lot of trading activity over the past month.
Therefore, this region is important for the price – the price direction accelerated when this level was defended or lost. This indicates market conviction following the price reaction at this level.
The MACD showed bearish momentum as the XMR approached the $ 149 level, and an increase in trading volume would confirm a move towards $ 140 on the downside or $ 163 on the upside. At the time of writing, the decline seemed more likely.
Dogecoin was in a phase of consolidation after soaring to $ 0.0145 in early January. The width of the Bollinger Band has been weak over the past two weeks.
The $ 0.0088 level served as support. The 20 SMA, 50 SMA and 100 SMA (white, yellow, pink respectively) were moving nearby to highlight the lack of momentum recently. The volume of trade was also low.
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