Ethereum When it exceeds $1900 ETH/USDT as well as ETH/BTC Has he pointed out the RSI mismatch in the parity and now buy Ethereum? We asked the question.
We see that we regressed to the band of $1580-1500, which was stated in the related analysis.
Especially at the $ 1560 level, we see that the two moving averages intersect. Considering that the two averages intersect with the horizontal support region, we expect this region to work as support.
The positive divergence in the lower timeframes of the RSI signals that an upside reaction is possible.
If $1500 is lost, our sequential support levels will be $1356 and $1259. According to some analysts, we are in the first area that can be evaluated for those who want to buy gradually.
These analysts Ethereum Expressing that the expectation that the Merge will take place has the potential to further increase the ETH price, he considers the pullbacks caused by the global markets as a buying opportunity.
At this point, investors should act by managing their risks without forgetting that the market moves in two directions. We are still in a bear market and the limited liquidity is increasing the impact of the sales.
*Not Investment Advice.
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