Analysis: Ethereum shoots up after race $ 2,100 – Passionategeekz

Ethereum is about 10% in the plus after his decrease yesterday. As we mentioned earlier, the price zone of $ 2,100 has been used more often as support. It is therefore nice to see that the coin shot up from this place.

How does ETH like?

To get a good picture of the most important price levels and the course of the moment, we first look at the daily graph of Ethereum. Here each candle stands for a period of 24 hours.

As shown above, there are three levels that now have more influence on the ETH course. These are shown above as a gray zone (around $ 2,100), green zone (around $ 2,800) and the blue zone (around $ 4,100). These places are important, since the course of Ethereum responded more often.

Almost every increase (or decrease) to these places caused course changes – just as this happened yesterday. The coin had been on the road for a few days from the green zone. The coin experienced resistance here and could not find enough buyers to push the price over this zone.

As we highlighted in the previous analyzesa further decrease was to be expected as a result. We see more often that the coin will continue to drop to a previous support after such a rejection. Fortunately, the prospect gets a bit better from here.

Can Ethereum now go back to $ 2,800?

Ethereum resigned after he arrived at $ 2,100: the rate is already 10% in the plus after this decrease. But to see that better, we have to zoom in to a smaller graph. That is why we are now going to look at the 4-hour variant.

As we see above, a further decrease was started after ETH fell under its previous low point. This is indicated with the green dotted line. Then the race came in at a rate of $ 2,100.

If Ethereum can keep itself strong above the gray zone, it is likely that we will rise further to the green zone at 2,800 dollars. But read the course below comes – a scenario that fortunately becomes increasingly unlikely because of the current rise – can throw something soot in the works.

It is therefore good to keep a close eye on the graphs. Especially in combination with the news. The fall in Ethereum was largely influenced by everything that takes place on the world stage, in this case the American attack on Iran.