MetaverseNFTCoins.com
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams
No Result
View All Result
MetaverseNFTCoins.com
No Result
View All Result

ETH/USD Market Converges to the Bottom at $4,000

November 27, 2021
in Blockchain
Reading Time: 5 mins read
A A
ETH/USD Market Converges to the Bottom at $4,000
ShareShareShareShareShare

Market Converges to the Bottom at $4,000 – November 27
There have been variant lines of trading activity in the ETH/USD trade operations as the crypto market converges to the bottom at $4,000 over a couple of sessions. The crypto’s price, as of writing, bags a volume of about $4,104, trading at about 1.44 percentage rates in positives. That gives an insight that the market may soon experience a rebound in its motions.

Market Converges to the Bottom at $4,000: ETH Market
Key Levels:
Resistance levels: $4,500, $4,750, $5,000
Support levels: $3,750, $3,500, $3,250

ETH/USD – Daily Chart
The ETH/USD daily chart reveals that the crypto-economic market converges to the bottom at $4,000 level as there have even been some occasions that a line of false-short breakdowns made. The 14-day SMA trend line is above the 50-day SMA trend line. The bullish trend line drew to locate a psychological trading level that price needed to breach fearfully southward to cause an ugly trading moment to the upside. Nevertheless, the bigger SMA indicator has been positioned beneath it to serve as the better supportive trading tool between $4,000 and $3,500. The Stochastic Oscillators have traveled from the oversold region, reaching the range of 40. And they now attempt to close the lines around it. That signifies that the market may feature for some more times around its present area of trading convergences.

What can be the next price direction as the ETH/USD market converges to the bottom at $4,000?

The trading levels between $4,000 and $3,500 may still be instrumental in observing the ETH/USD price next direction as the market converges to the bottom at the value-line formerly mentioned. In the wake of that presumed scenario playing out, buyers are to be on the alert as to when there will be room for active rebounding motion to make decent long entry positions afterward.

On the downside of the technical analysis write-up, the ETH/USD market sellers have to heighten efforts around $4,000 to break down the barrier seemingly piling up beneath the point mentioned. An eventual loss of momentums on the part of intending sellers at the trading capacity level will portend an early return of the market to its upward trend motion. All in all, the traders should be cautious of their entries, especially if the market chooses to result in a recess trading situation.

ETH/BTC Price Analysis

In comparison, the daily price analysis chart exhibits that Ethereum still gets lead over the trending catalyst existing between it and Bitcoin. The cryptocurrency pair market converges at a higher level above the trend lines of the SMAs. The 14-day SMA indicator is above the 50-day SMA indicator. The bullish trend line drew to conjoin with the smaller SMA at the tail end to strengthen it. The Stochastic Oscillators are in the overbought region, trying to close the lines at the range of 80. That indicates that the base crypto may shift stance negatively in the business operations involving the flagship crypto-coin in the near time.

Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!

68% of retail investor accounts lose money when trading CFDs with this provider.

 

Read more:

Credit: Source link

ShareSendTweetPinShare
Previous Post

Gitcoin (GTC) Price skyrockets in anticipation of the upcoming Grants Round 12 and GR12 Hackathon

Next Post

Bitcoin Concludes Its Worst Day Since September

Next Post
Bitcoin Concludes Its Worst Day Since September

Bitcoin Concludes Its Worst Day Since September

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

Interview with Dr Jeremiah Weinstock , Saint Louis University

Interview with Dr Jeremiah Weinstock , Saint Louis University

August 9, 2022
Everdome Secures $10M Investment Commitment From GEM Digital Limited

Everdome Secures $10M Investment Commitment From GEM Digital Limited

August 9, 2022
OWNIC Announces Release of the First-Ever Dynamic Sports NFTs

OWNIC Announces Release of the First-Ever Dynamic Sports NFTs

August 8, 2022
Popular Streamer Ludwig Also Calls Out Ethan “RampagePoker” Yau’s Scammer Over $100k Debt

Popular Streamer Ludwig Also Calls Out Ethan “RampagePoker” Yau’s Scammer Over $100k Debt

August 9, 2022
DeFiChain Community Brings Attractive Rewards For DFI ERC-20 Pairs on Uniswap

DeFiChain Community Brings Attractive Rewards For DFI ERC-20 Pairs on Uniswap

August 7, 2022
MetaverseNFTCoins.com

This is an online news portal that aims to provide the latest NFT news, crypto news, blockchain, regulations, scams, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch.

What’s New Here!

  • Bank of England Analysts See Crypto Having Important Roles in the Metaverse — Discuss the Need for Regulation – Metaverse Bitcoin News
  • Crypto Broker Genesis Says Lending Business Declined in Q2
  • Australian crypto ownership warrants consumer protection, says regulator

Subscribe Now

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - metaversenftcoins.com - All rights reserved!

No Result
View All Result
  • NFT News
  • Crypto News
  • Blockchain
  • Regulations
  • Scams

© 2021 - metaversenftcoins.com - All rights reserved!

  • bitcoinBitcoin (BTC) $ 24,625.00 7.14%
  • ethereumEthereum (ETH) $ 1,896.17 12.41%
  • tetherTether (USDT) $ 1.00 0.08%
  • bnbBNB (BNB) $ 333.14 3.51%
  • usd-coinUSD Coin (USDC) $ 0.999891 0%
  • xrpXRP (XRP) $ 0.382727 5.03%
  • cardanoCardano (ADA) $ 0.546126 6.42%
  • binance-usdBinance USD (BUSD) $ 1.00 0.01%
  • solanaSolana (SOL) $ 44.99 13.29%
  • polkadotPolkadot (DOT) $ 9.49 9.11%
  • dogecoinDogecoin (DOGE) $ 0.072190 5.52%
  • avalanche-2Avalanche (AVAX) $ 29.87 9.09%
  • staked-etherLido Staked Ether (STETH) $ 1,836.59 13.03%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 3.97%
  • daiDai (DAI) $ 0.998346 0.2%
  • matic-networkPolygon (MATIC) $ 0.945612 6.95%
  • tronTRON (TRX) $ 0.071055 3.41%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 24,586.00 6.83%
  • ethereum-classicEthereum Classic (ETC) $ 38.92 5.41%
  • okbOKB (OKB) $ 19.24 6.95%
  • leo-tokenLEO Token (LEO) $ 4.79 0.78%
  • litecoinLitecoin (LTC) $ 62.25 6.16%
  • nearNEAR Protocol (NEAR) $ 5.85 8.11%
  • ftx-tokenFTX (FTT) $ 32.32 9.63%
  • chainlinkChainlink (LINK) $ 9.12 8.67%
  • uniswapUniswap (UNI) $ 9.26 9.62%
  • crypto-com-chainCronos (CRO) $ 0.154573 6.67%
  • cosmosCosmos Hub (ATOM) $ 12.23 12.66%
  • stellarStellar (XLM) $ 0.126652 4.76%
  • flowFlow (FLOW) $ 3.07 6.73%
  • moneroMonero (XMR) $ 167.96 6.06%
  • bitcoin-cashBitcoin Cash (BCH) $ 144.34 7.86%
  • algorandAlgorand (ALGO) $ 0.368413 7.55%
  • vechainVeChain (VET) $ 0.032865 10.51%
  • filecoinFilecoin (FIL) $ 8.81 9.71%
  • apecoinApeCoin (APE) $ 7.22 7.53%
  • internet-computerInternet Computer (ICP) $ 8.54 10.49%
  • decentralandDecentraland (MANA) $ 1.09 7.01%
  • chain-2Chain (XCN) $ 0.088095 1.74%
  • hedera-hashgraphHedera (HBAR) $ 0.080313 7.43%
  • tezosTezos (XTZ) $ 1.95 9.98%
  • quant-networkQuant (QNT) $ 129.56 6.09%
  • the-sandboxThe Sandbox (SAND) $ 1.35 5.25%
  • axie-infinityAxie Infinity (AXS) $ 19.01 7.75%
  • theta-tokenTheta Network (THETA) $ 1.62 7.26%
  • elrond-erd-2Elrond (EGLD) $ 69.20 12.17%
  • aaveAave (AAVE) $ 110.52 12.92%
  • lido-daoLido DAO (LDO) $ 2.78 23.56%
  • fraxFrax (FRAX) $ 1.00 1.99%
  • eosEOS (EOS) $ 1.31 11.13%