Ethereum Is Consolidating and Following the Trend of Bitcoin

Ethereum is a financial system that is dedicated to delivering secure applications. It is also a cryptocurrency platform. Users can sign up and use an Ethereum account for events. It uses Merkle pricing to improve scalability and protect blockchains.

ETH is the cryptocurrency of Ethereum, and many people compare this to Bitcoin. BTC and ETH are the two largest cryptocurrencies in the world. You can use them in foreign exchange without the support of financial institutions.

At the time of writing, the price of Ethereum is around $ 4365. It is at the bottom of the daily chart. After reaching ATH for $ 4900, it now includes. Like Bitcoin, it is revising the price. It started its division on 30 September 2021 and started merging from the second week of November. It now represents his previous $ 3900 donation.

At the time of writing, this RSI is at 50, which is a constant, but we cannot find any way out of this alone. MACD is bearish, and the blue line is much lower than the red line, but it also shows a positive volume. The Bollinger Band is also bearish because the last candlesticks are below the BB. Moving Average line also shows inconsistency. Everywhere you look today, the tide of protectionist sentiment is flowing.

Will ETH continue its journey? The current chart of the chart shows that it can be fixed for several days. Many experts think that many governments are introducing new regulations to regulate crypto currencies. This is one of the reasons why the market collapsed.

Of course, it brings a lot of opportunities to buy. Ethereum is the most popular cryptocurrency after Bitcoin, and will make a new ATH soon.

It now includes between $ 3950 and $ 4450. We do not think it is the right time to invest in ETH. According to ours complete Ethereum value, it’s time to take a closer look at all crypto prices. If it violates any of these principles, we should consider buying and selling a new product.

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