After the news of the bankruptcy of Silvergate Bank spread, the sales of Bitcoin also affected Ethereum. Performing better than all other coins, including Bitcoin, yesterday, Ethereum has accompanied the complex sales at night. Ethereum, which traded above the averages yesterday, has broken the EMA5 and EMA21 levels with this sale. Ethereum, which started the day at the $ 1665 level, closed at $ 1648 with a decrease of 1.04% after seeing the highest level of $ 1677.
Ethereum, which started at the $ 1648 level, is trading at $ 1567 with a decrease of 4.88% at the time of writing.
Ethereum Chart Analysis
After trying the $1700 resistance, Ethereum, which turned its direction downward, has entered a downward trend with the news, although it is more potent than other coins. Ethereum, which closed on EMA5 and EMA21 yesterday, broke these averages down with the incoming selling pressure, regressed to the EMA200 level, then rose to $ 1567 with the incoming purchases. I will follow $1616, the EMA5 level, and 1623, the EMA21 level, as the first resistance point. If the selling pressure continues, I will follow $1561, which is the EMA55 level, and $1546, which is the EMA200 level, are the first support points.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when deciding.
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