Analysis: Ethereum is now moving between these two price levels – Passionategeekz

The Ethereum course is now between two price levels that more often caused price changes. It is only the question: which of these levels will he be the first to look up? So let’s look at the graphs.

Little movement

Ethereum has not been a volatile in recent days. De Munt has had many price fluctuations, but since last week that has come to a halt. We can see this when we grab the graph of ETH.

Above we see the daily graph of Ethereum. Each candle is here for 24 hours, so we can see a large part of the price history. In this way we see from the last 7 Candles that the course was not showing much movement, but also that the coin contains between two price levels. These are around the prices of approximately $ 2,100 and around $ 2,800.

Almost every time Ethereum arrives at one of these price zones, the coin changes direction. We last saw this when ETH increased from the gray zone ($ 2,100). Here the coin could find enough buyers to rise a few percent.

This movement was a follow -up of the fall from the green zone was initiated, as can be seen above. It could therefore be that these price levels will become important in the future. Now we have to wait and see which direction the coin is moving, since it shows little volatility.

Which side will Ethereum choose?

To get a better picture of the race and these movements, we will also take a look at the 4-hour graph of Ethereum. Here each candle is not for 24 but for 4 hours. Slightly more detailed, so that the quiet period of the past few days can be seen compared to the rest of the price history.

This way we see how the coin could rise immediately through the gray zone. He broke through with force, then rose to the green zone and started his decrease towards $ 2,100. The coin could only find enough buyers there not to drop any further.

This could be a sign that these price levels in the future can again provide support or resistance, but that can only show time. Until that time we must first await an increase or decrease that follows this ‘volatility -free period’. It is therefore good to keep a close eye on the graphs.