ETH/USDT 1 day Analysis
Ether’s (ETH) still moves within the perfect downtrend channel and is supported at ~$1,250 again. Its volatility has declined as the ATR contracted from 107.56 to 93.94 as of writing over the last seven days.
With a midline on the head and the support below, Ether’s price was pressed to trade at a narrow range lately, changing hands at approximately $1,330 and showing a flat chart in more than a week. Bulls must push the price break through the EMA 20 and the midline to challenge the $1,700 resistance. On the other hand, if the price tumbles below the $1,250 psychological level, a new low will be shown on the horizon soon.
With a midline on the head and the support below, Ether’s price was pressed to trade at a narrow range lately, changing hands at approximately $1,330 and showing a flat chart in more than a week. Bulls must push the price break through the EMA 20 and the midline to challenge the $1,700 resistance. On the other hand, if the price tumbles below the $1,250 psychological level, a new low will be shown on the horizon soon.
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