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Ethereum (ETH) Price Analysis for May 21

From u.today

Ethereum (ETH) has not gained as much as Bitcoin (BTC), going up by only 0.30%. {chart} On the hourly chart, the rate of Ethereum (ETH) has made a false breakout of the local support at $1,814.6. If buyers can hold the price above that mark, there is a possibility to see a short rise to the resistance at $1,820. {chart} On the bigger time frame, volatility has declined and the rate keeps trading in the narrow range. In this case, ongoing sideways trading in the area of $1,800-$1,850 is the more likely scenario for next week. {chart} In this case, ongoing sideways trading in the area of $1,800-$1,850 is the more ... (full story)

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  • Category: Technical Analysis