With the majority of technical indicators indicating continued price pressure, Ethereum is currently dealing with serious challenges. ETH is currently in trouble under a thick moving middle stack, despite the shorts of the early April. This concerns the rapid recovery of Bulls.
Ethereum has not been able to exceed significant levels of resistance, such as 50-day exponential moving average (EMAS), according to the daily price map. The price is consistently rejected between $ 1850 and $ 1900 and every attempt at moving is filled with sales pressure. In addition, the wider weekly moving the average, the average, painting an even more terrible image.
Ethereum is still trapped in important average, such as 8, 20 and 50 weeks of simple moving average (SMA), according to the mobile average diagram of cryptoverse. As ETH is currently about $ 1,820, it is much less than $ 50, $ 2850 and $ 2060 for $ 2560. Historically, the Karakas shows the continuation of the trends with their average falling down, which makes it much harder to move upwards.
Currently, Ethereum is trading below nine of ten larger moving averages, which are being followed. Until a significant catalyst seems to change the mind, this unbalanced situation creates a kind of technical gravity that pulls the price lower. Additional resistance layers are added to the long-term average, such as 200-week and 250-week SMA, which is $ 2,220 and $ 2220, respectively, and are wandering above the current price.
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Ethereum's upward impetus continues to be extremely fragile until it can break confidently and be above their long -term trends. Ethereum may be between $ 1750 and $ 1,900 in the near future, but the risk is below a clear breakthrough exceeding the 2000-dollar limit. If nothing drastically changes, ETH may be difficult to join a larger cryptocurrency market rally due to its technical problems.
