Main takeout:
Ether Leeum forms a bull flag on the daily chart and the potential is over $ 3,600.
If ETH recipes the two -week Gaussian mid -line, 90% rally may occur.
Ether Leeum (ETH) prices integrate between $ 2,400 and $ 2,750 in a daily chart, forming a bull flag pattern with a sight in $ 3,000 to $ 3,100 resistance zones. Bull Flag is a continuous pattern that follows a sharp rally (black flagpole) at $ 1,900, and the current range forms a flag.
Over $ 2,600 optimistic brake outs can be aimed at $ 3,600, which can be calculated by adding the height of the flagpole to the brake out point, but the main area is $ 3,100-$ 3,000 between the resistance.
The 200 -day index moving average (EMA) supports a lower range. The relative robbery index (RSI) is still near the excessive area, but has been cooled for the last few days.
Ethical ride with rising RSI and volume can confirm optimism, while falling less than $ 2,400 is risk of invalidating patterns.
Can ether regain the middle line of the Gaussian channel?
On May 20, ether showed a significant trend by attempting to regain the middle line of the two -week Gaussian channel, a technical indicator used to identify the price trend. Gauss or regular distribution channels are price fluctuations in the dynamic range and adapt to market volatility.
Historically, when ETH goes over this intermediate line, important meetings are often followed. In 2023, ETH surged from 93% to $ 4,000 after similar crossovers, and in 2020, a massive Altcoin rally occurred by 1,820%.
On the contrary, in August 2022, similar settings resulted in invalidation during the market correction, emphasizing the risk of relying only on this indicator.
Similarly, MERLIJN, a encryption merchant, can further strengthen the imminent ETH brake out by referring to the golden cross between the 50 -day SMA and the 200 -day SMA (simple moving average). Golden Cross is on a 12 -hour chart and can be less reliable than a one -day chart.
Related: Bitcoin Fractal Analysis predicts a new all -time high of $ 110K by the weekend.
Traders pay attention to the possible ‘range bound environment’.
The popular password XO pointed out that Ether Lee is integrating at a “good” resistance level of less than $ 2,800. If ETH can’t cut more than $ 2,800 for the next few days, merchants look forward to modifications. Analyst
“I’m leaning on the price of a longer buyer and a price that is re -buyer for at least a few weeks.”
The opposite outlook for the bull can also be observed even if ETH prices vibrate at the level of Fibonacci. Cointelegraph reported that Ether recently reviewed the 0.5 to 0.618 FIB level, which could cause short -term correction of ETH.
In these scenarios, the immediate support area remains at around $ 2,150 and $ 1,900, which can slow long -term strength.
Related: Why is Ether Leeum (ETH) price increase today?
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.