• Cryptocurrencies: 3144
  • Markets: 20929
  • Market Cap: $224331297019.49
  • 24h Vol: $72172157076.515

Where’s Ethereum Going this Week?

Ethereum – You are trending on fine lines. 

 

Ethereum has been trending within the same lines for the past 6 Days. This comes as a little concerning, this is unlike Ethereum. 

Perhaps, this is for one of two reasons: 

  1. Bitcoin is unsure at the direction that it should be taking: $7200 or $5900. 
  2. Ethereum has fallen by over 40% over the past three weeks and it wants to take a little bit of a breather to figure out the direction it should be taking. 

Nonetheless, based on the way that Bitcoin is performing, the uncertainty in the market and other technical indicators, Nouvive issues a SELL for Ethereum. 

This is also based on the mere fact that there is a hyphened bearish volume in the market surrounding Ethereum, especially each time it approaches $305. The market does not seem to like this figure. 

Based, on the mere fact that it may not like this area, even a false breakout to $320 was promptly rejecting caused the ETH price to go to $280 again. 

On this basis, Nouvive sees a possible area where ETH may go for the $280 area again, quite possibly below $260, depending the trajectory of Bitcoin. 

Nouvive awards a SELL FOR BITCOIN. This means you can short. 

If You want to short: Enter a position at just below $303 with a take profit at below $260. Increasing Stop Losses as when in Profit. 

 

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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ViFeed Indicators

Bitcoin (BTC)
$8196.22
0.00 RSI
-0.68%
--
Ethereum (ETH)
$177.02
0.00 RSI
-1.11%
--
XRP (XRP)
$0.26
0.00 RSI
1.18%
--
Bitcoin Cash (BCH)
$243.68
0.00 RSI
-1.73%
--
Tether (USDT)
$1.01
0.00 RSI
-0.06%
--
Litecoin (LTC)
$55.99
0.00 RSI
-1.06%
--
EOS (EOS)
$3.14
0.00 RSI
-2.08%
--
Binance Coin (BNB)
$18.78
0.00 RSI
-1.76%
--
Bitcoin SV (BSV)
$110.2
0.00 RSI
-3.92%
--
Stellar (XLM)
$0.07
0.00 RSI
-2.24%
--
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