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Analyst Crypto Trend Diva provided an in -depth analysis of the current Action of Ethereum prices. She revealed that ETH always moves inside a ascending triangle But warned that it could be falling downward pressure if it does not remain above a crucial level of support.
Ethereum Price still inside an upward triangle despite a recent accident
In a TradingView PostTrend Diva revealed that the Ethereum price moves to a clear upward triangle. The upper limit acts as long -term resistance, and the lower limit provides dynamic support. This analysis comes in the middle The recent decrease in ETH below $ 2,000.
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The analyst noted that after a regular rise, the Ethereum price began to show a weakness, confirmed by a model of head and shoulder, which, according to her, is a common sign that the trend could reverse. This weakness resulted in a sharp decline for the Eth, bringing its price Key support area around $ 2,000.
Trend Diva said this support area is important for the Ethereum Prize Because it meets a major trend line, making it a likely place where buyers could intervene. She added that the volume profile also shows a lot of activity in this area, which means that traders have been interested in these levels before.
The analyst has also noticed that if the Ethereum price is retained above This $ 2,000 supportIt could bounce back towards the level of $ 2,800, which represents a previous resistance. However, she revealed that a ventilation under the trend line moves the lower bias to $ 1,414.
For the moment, as long as ETH remains above $ 2,000, a rebound at $ 2,800 is still on the horizon.
It should be mentioned that the Ethereum price briefly lost the level of support of $ 2,000 following an accident on the cryptography market on Sunday. As such, it is also possible that it decreases up to $ 1,414 as claimed by Diva.
A drop at $ 1,250 is also on cards
In a post X, Crypto Ali Martinez analyst said the Ethereum price seems to come out of a parallel channel. He added that ETH could fall on a level as low as $ 1,250 if the momentum is supported. ETH whales seek to do everything possible to defend the support area of $ 2,000 and prevent Ethereum from going to these new stockings.
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Martinez revealed that the The biggest whales On the network, the network has bought 330,000 ETH in the last 48 hours. This massive whale accumulation could help prevent new downward pressure and possibly arouse a bullish reversal for the Ethereum price.
At the time of writing writing, the Ethereum price is negotiated at around $ 2,065, down more than 5% in the past 24 hours, according to data from CoinMarketCap.
Istock star image, tradingView.com graphic
