By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoCommunityCryptoCommunity
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • BTC
  • ETH
  • USDT
  • USDC
  • BNB
  • BUSD
  • ADA
  • XRP
  • SOL
  • DOGE
  • DOT
  • MATIC
Reading: Ethereum Bulls And Bears At Crossed Road – Is $1,000 The Next Target?
Share
Aa
CryptoCommunityCryptoCommunity
Aa
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Search
  • Home
  • General
  • Blockchain
  • Crypto
  • DeFi
  • Metaverse
  • NFT
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
CryptoCommunity > Blog > crypto > Ethereum Bulls And Bears At Crossed Road – Is $1,000 The Next Target?
crypto

Ethereum Bulls And Bears At Crossed Road – Is $1,000 The Next Target?

admin Published August 31, 2022
Last updated: 2022/08/31 at 2:10 AM
Share
SHARE

[ad_1]

Ethereum  price got rejected from $2,000 despite showing strong bullish signs against Tether (USDT) ahead of “The Merge.” The price of Ethereum has struggled to regain its bullish momentum as this has created a mixed feeling between Ethereum bulls and bears. (Data from Binance)

Contents
Price Analysis Of ETH On The Four-Hourly (4H) ChartPrice Analysis Of ETH On The Weekly (1W) ChartEthereum (ETH) Price Analysis On The Monthly Chart 

Price Analysis Of ETH On The Four-Hourly (4H) Chart

Four Hourly ETH Price Chart Analysis | Source: ETHUSDT On Tradingview.com

The price of ETH on the 4H chart has continued to look bullish, trying to hold above the support area at $1,500. ETH price trades below the 50 EMA on the 4H chart, with more buy orders in this region.

After forming a bullish divergence on the 4H chart as the price was oversold, the ETH price rallied to $1,600, trying to break above the 50 EMA, acting as resistance for the ETH price.

The 50 EMA price corresponds to the resistance at $1,620.

The Relative Strength Index (RSI) for ETH on the 4H chart is above 45, indicating moderate buy volume for ETH price.

Four-Hourly (4H) resistance for ETH price – $1,620.

Four-Hourly (4H) support for ETH price – $1,500.

Price Analysis Of ETH On The Weekly (1W) Chart

Weekly ETH Price Chart Analysis | Source: ETHUSDT On Tradingview.com

The price of ETH found its weekly low at $1,000 and quickly bounced off the area where it has formed good support; ETH price rallied to a region of $2,030 as the price was rejected, preventing ETH price from trending higher.

Despite showing great bullish signs, ETH is trading at $1,540 below the 50 and 200 Exponential Moving Averages (EMA), acting as resistance for the price of ETH to break higher. 

The 50 and 200 EMA correspond to prices of $2,200 and $1,580, respectively; for ETH to trend higher, it must break through this region, which acts as resistance for ETH prices.

A break and close above the 50-day moving average would indicate a short-term relief bounce and the possibility of price trending to $3,500

Weekly (1W) resistance for ETH price – $1,580, $2,200.

Weekly (1W) support for ETH price – $988.

Ethereum (ETH) Price Analysis On The Monthly Chart 

The price of ETH saw a bullish price movement in the previous month, closing with so many bullish sentiments, with talks focused on a rally to its all-time high of $4,000.

With previous month’s candle closed bullish but was soon followed by a bearish candle which saw the price of ETH showing bullish signs short-lived. 

As the price of ETH comes to a monthly close, ETH needs to close at $1,700 to have a better chance of trending higher, with many hoping ETH prices outperform the market in the coming days.

Monthly resistance for the price of ETH – $2,200.

Weekly support for the price of ETH – $988.

Featured Image From Coinpedia, Charts From TradingView.com

[ad_2]

You Might Also Like

How to earn bitcoins fast

How to Tell If a Cryptocurrency is a Scam or Not

Tips to Avoid Losing In Cryptocurrency Trading

How to Sell Products Online with Bitcoins – The Ultimate Guide

Get a Cryptocurrency Trader Certification to Get Ready For The Big Game!

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
admin August 31, 2022
Share this Article
Facebook TwitterEmail Print
Share
Previous Article Clearco cuts international staff as it retracts presence, announces new partner – TechCrunch
Next Article Royal Caribbean will equip all its cruise ships with Starlink internet – TechCrunch

Latest News

earn bitcoins fast
How to earn bitcoins fast
crypto
Cryptocurrency is a Scam or Not
How to Tell If a Cryptocurrency is a Scam or Not
crypto
Losing In Cryptocurrency Trading
Tips to Avoid Losing In Cryptocurrency Trading
crypto
Sell Products Online with Bitcoins
How to Sell Products Online with Bitcoins – The Ultimate Guide
crypto

You Might also Like

earn bitcoins fast
crypto

How to earn bitcoins fast

4 Min Read
Cryptocurrency is a Scam or Not
crypto

How to Tell If a Cryptocurrency is a Scam or Not

8 Min Read
Losing In Cryptocurrency Trading
crypto

Tips to Avoid Losing In Cryptocurrency Trading

6 Min Read
Sell Products Online with Bitcoins
crypto

How to Sell Products Online with Bitcoins – The Ultimate Guide

5 Min Read

Crypto Community

  • Home
  • Crypto Calculator
  • Blog
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions

Real time Cryptocurrency

  • Crypto Prices
  • Dogecoin price
  • Shibainu coin price
  • Bitcoin Price
  • Cardano Price
  • Litecoins Price

Cryptocurrency Price USD

  • Bitcoin price USD
  • Ethereum price USD
  • Tether price USD
  • BNB Price USD
  • Cardano Price USD
  • Solana Price USD
  • Peps coin Price USD
  • floki inu Price USD
  • SIA coin Price USD
CryptoCommunityCryptoCommunity
Follow US

© 2022 Cryptos Community All Rights Reserved. All logos and images used on this website are registered trademarks of their respective companies. All Rights Reserved. Cryptos Community is not liable for inaccuracies, errors, or omissions found herein. For the removal of copyrighted images, trademarks, or other issues, Contact Us. 


Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?