Ethereum (ETH) Could Bottom Up Above $1.5k in a W-Formation
Ethereum is up 10 percent from last week’s lows. However, there must be confirmation for ETH bulls to reclaim $1.5k in the short term.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Ethereum is up 10 percent from last week’s lows. However, there must be confirmation for ETH bulls to reclaim $1.5k in the short term.
Ripple is within a bullish formation, buoyed by the on-going case against the U.S. SEC. XRP is trading above $0.40 primary support.
Bitcoin is steady, trending inside a $1.5 range. Traders are hopeful of a stronger bounce towards $22.5k in the short to medium term.
Ethereum is down seven percent in the past trading day as ETH slips to bearish territory despite attempts higher on September 27.
Ripple is one of the top performers. XRP is up 60 percent in roughly four weeks, outperforming Bitcoin and Ethereum.
Bitcoin prices recovered on September 22, rallying from $18.5k. However, BTCUSDT remains within a bear breakout formation.
Ethereum remains under immense selling pressure. The coin is down 17 percent week-to-date and below $1.5k in a bear continuation formation.
Cardano prices are free falling writing, trailing the USD in the past trading week and still within a bear formation.
Bitcoin is under sustained pressure, per the formation in the daily chart. BTCUSDT trend is defined by the bear bar of September 13.
Ethereum prices are cooling off,retracing from $1.8k a few hours before the Merge. ETH is currently down six percent versus the USDT.
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