{"id":287290,"date":"2021-04-18T15:24:51","date_gmt":"2021-04-18T19:24:51","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=287290"},"modified":"2021-07-27T14:25:16","modified_gmt":"2021-07-27T18:25:16","slug":"ethereum-price-prediction-eth-usd-extends-sharply-in-a-downward-correctional-move-averaging-the-resistance-level-of-2600","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-eth-usd-extends-sharply-in-a-downward-correctional-move-averaging-the-resistance-level-of-2600","title":{"rendered":"Ethereum Price Prediction: ETH\/USD Extends Sharply in a Downward Correctional Move Averaging the Resistance Level of $2,600"},"content":{"rendered":"\r\n
Ethereum Price Prediction \u2013 April 18<\/strong><\/em>
There has now been a downward volatile move in the ETH\/USD market worth. That trading situation is brought about as a result of the crypto\u2019s gradual loss of power to push northward further during the last April 16 day\u2019s session.
ETH\/USD Market <\/strong>
Key Levels:<\/strong>
Resistance levels: $2,400, $2,600, $2,800
Support levels: $1,800, $1,600, $1,400
ETH\/USD \u2013 Daily Chart<\/strong>
The emergence of today\u2019s bearish has left a serious warning sell signal against the ETH\/USD bulls\u2019 stance in the market. Currently, there has been a breakdown and a pull-up against the 14-day SMA trend-line. The bullish trend-line is drawn to touch a point at $2,200 over the smaller SMA buy signal side. The 50-day SMA indicator is located at a mid-point between $1,800 and $1,600 levels. The Stochastic Oscillators have crossed from the overbought region to point towards the south around range 40. That still signifies the presence of downward pressure in the market.
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Will the ETH\/USD bears continue to press down in the market?<\/strong><\/em>
With the current space of falling pressures in the ETH\/USD<\/a> market, it may not last long. It could as well eventually lead to letting in a quick buy position in the course of featuring a kind of downward reversal move pattern. If the downward price reversal finally takes its full form against the $2,400 immediate resistance level that will most probably allow the market to get pumped into a higher trading level above the late point closer to the high of $2,600.
The $2,400 trading level remains the vital line below the ETH\/USD bears need to keep a stronghold of the market. A breakout of that line will lead the crypto-market settle for another upper rejecting line at a later session. With that said, a repeat of a down-move at $2,000 level will pose a serious warning to getting to see upsides in near sessions.
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ETH\/BTC Price Analysis<\/strong>
It is depicted on the chart that the market weight of ETH as compared with BTC still features that the base instrument is at the start of regaining stand. The 14-day SMA trend-line remains crossed over the 50-day SMA indicator to the north. There has been a small chain of higher lows to indicate that the base crypto is in a less-active manner to push further. The Stochastic Oscillators have slightly crossed the hairs to the south around range 80. That signifies a consolidation move is taking place between the two crypto pairs. And, it may result in letting the base crypto continue to have the market advantage.<\/p>\r\n","protected":false},"excerpt":{"rendered":"