Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Btceth01 on June 08, 2021, 10:19:29 PM
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Ethereum (ETH) has been rising on the upside to retest the previous highs. Today, buyers have retested the previous high at $2,815 but could not sustain above it. If buyers have succeeded in breaking the previous high and the previous high is retested, the uptrend is likely to resume. Ether is falling after rejection at the $2,840 high. Since June 3, Ethereum's price has been making a series of lower highs and lower lows. Each time it makes a lower high, the selling pressure will resume. Today, Ether has made a lower high at $2,840; therefore the market is likely to decline on the downside. The market may decline to the previous low at $2,540. Ethereum indicator analysis
Ether is at level 50 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 21-day and 50-day SMA are sloping upward indicating the uptrend. Ether price has broken the resistance line of the ascending channel. It implies that the upward move is likely to continue.Source (https://cryptonews.net/766409/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)