- The underperformance shown by ETH has long led to the overall market capitalization of 17% this year.
- Coinmarketcap community feelings reveal that 80% of merchants expect short -term gains and that the market is still optimistic.
After so long, Ethereum (ETH) experienced significant 29% gains between May 8 and 9. In addition, it ended a 10 -week lower market which reached its lowest point at $ 1,385 on April 9.
At the time of the press, ETH is negotiated at $ 2421, 3.12% in the last 24 hours and 32.12% in the last seven days. The global market capitalization amounts to $ 291.69 billion, having an overall volume of $ 29.93 billion.
According to data from trading view, if the bullish momentum continues (one month), ETH can test its first resistance at $ 3,947, followed by the second resistance at $ 4420.8. And, if the trend is reversed, the asset will fall at its first level of support of $ 2413.4, followed by the second level of support of $ 1939.7.
It will be interesting to see if it really continues or simply lead to another level of $ 2,000 level. The underperformance shown by ETH has long led to the overall market capitalization of 17% this year. This has also led to a reduction in the investor's confidence.
The bullish momentum is built while merchants have a resistance of $ 3,947
Coinmarketcap community feelings reveal that 80% of merchants expect short -term gains and that the market is still optimistic. TradingView Techniques (1 day) also suggests a solid situation of purchase with neutral oscillators and high medium of purchase moving.
While short -term measures such as the exponential mobile average (EMA10) are at $ 2046.4. Likewise, EMA 50,100 and 200 amount to $ 1,905, $ 2,124.9 and $ 2,428.3, respectively. According to Coinglass data, the token experienced a liquidation of $ 126.48 million in the last 24 hours.
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