Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Rain075 on March 11, 2021, 11:54:56 PM
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Ether (ETH), the second largest cryptocurrency by market cap, is up about 140% year-to-date, but the uptrend has slowed since January. The first level of support is around $1,561, defined by its 50-day volume weighted moving average.
The relative strength index (RSI) made a series of lower highs since January, diverging from ETH’s uptrend.
Initial support for ETH is around $1,561, with lower support around the $1,300 breakout zone.
Resistance remains around the $2,000 level, which set in February as fresh all-time-high for ETH.
ETH has trailed bitcoin (BTC) since the Chicago-based commodities exchange CME launched its new ether futures contract in early February. Source link (https://cryptonews.net/485211/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)