EthereumLong
ETH/USD The final phase is finally here!
ETH is finally at the final stage of cross-shareholding.
Since the market analysis on September 11, the market has been flat without giving a clear sense of direction. After all, the $ 376 line is so strongly conscious.
On the other hand, in the market price that plunged on September 13, it was firmly supported by the uptrend line + medium-term moving average (50MA). As a result, the momentum of the rise has been further strengthened, and the situation is challenging to lose $ 376.
In addition, even if it breaks through the $ 376 line, the downtrend line + long-term moving average (100MA) is ahead of it, and the situation is quite severe.
After turning the trend downward on September 5, the trend is temporarily rebounding, and the various lines that function as resistance as mentioned above are concentrated on the top. Therefore, from the theory of the market, it is not strange that it is sold and beaten.
However, I think that the current expectations for the cryptocurrency market exceed that theory. As long as BTC continues to try $ 12,000 again, Altcoin, including ETH, is expected to try higher.
Should pay attention to the latest large fluctuations.
Since the market analysis on September 11, the market has been flat without giving a clear sense of direction. After all, the $ 376 line is so strongly conscious.
On the other hand, in the market price that plunged on September 13, it was firmly supported by the uptrend line + medium-term moving average (50MA). As a result, the momentum of the rise has been further strengthened, and the situation is challenging to lose $ 376.
In addition, even if it breaks through the $ 376 line, the downtrend line + long-term moving average (100MA) is ahead of it, and the situation is quite severe.
After turning the trend downward on September 5, the trend is temporarily rebounding, and the various lines that function as resistance as mentioned above are concentrated on the top. Therefore, from the theory of the market, it is not strange that it is sold and beaten.
However, I think that the current expectations for the cryptocurrency market exceed that theory. As long as BTC continues to try $ 12,000 again, Altcoin, including ETH, is expected to try higher.
Should pay attention to the latest large fluctuations.
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