Trade Continues Featuring at $4,000 – December 11
It is now on the crypto-financial record that the ETH/USD trade continues featuring at $4,000 line despite the recent downing in its valuation. The crypto market’s percentage rate is estimated at 1.97, trading around $3,979 line as of writing.
Trade Continues Featuring at $4,000: ETH Market
Key Levels:
Resistance levels: $4,250, $4,500, $4,750
Support levels: $3,750, $3,500, $3,250
ETH/USD – Daily Chart
The ETH/USD daily chart reveals that the crypto-economic trade continues featuring at $4,000 as there has been a decline. The 14-day SMA trend line is above the 50-day SMA trend line. The bigger SMA trading indicator is positioned at the $4,000 level to affirm that it may be taking a long time before the price pushes far away for some time in favor of either definite direction. That said, some buying intrigues may re-emerge beneath the value line when price finds strong support to make a visible rebound that bulls can make use of the advantage.
Will the ETH/USD market level at $4,000 serve as a determinant instrument factor as the crypto trade continues featuring around it?
It is most likely that the ETH/USD market level at $4,000 becomes a determinant instrument factor in achieving a definite direction as the crypto trade continues featuring around it. The present dipping position of the Stochastic Oscillators in the oversold region portends a warning signal as price may result in trading in a consolidation style. And that situation will lead traders into an extreme pre-cautioning trade psyche.
On the downside of the technical analysis, the ETH/USD market bears would either have to try to consolidate their presence around the $4,000 level or stay alert to spot a rejection around a higher resistance level closely beneath $4,500 before considering launching a sell order. A fearful breakout at the value line will potentially nudge the market into higher profiteering levels to the previous all-high.
ETH/BTC Price Analysis
In comparison, the daily price analysis chart showcases that Ethereum dominates the trending weight at the expense of Bitcoin’s weakness. The currency pair trade continues featuring at a higher trading level above the trend lines of the SMAs. The 14-day SMA indicator is above the 50-day SMA indicator. The Stochastic Oscillators have crossed the lines southbound closely to the range of 20. And they still point toward the south, indicating that the base crypto is a correction motion paired with the counter flagship crypto.
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