Main navigation

Ethereum (ETH) Price Analysis for April 11

Advertisement
Tue, 11/04/2023 - 18:49
Ethereum (ETH) Price Analysis for April 11
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Buyers have turned out to be more powerful than sellers, according to the CoinMarketCap ranking.

Advertisement

Top coins by CoinMarketCap

ETH/USD

Ethereum (ETH) is underperforming Bitcoin (BTC), rising by 2.87%.

BTC/USD chart by TradingView

On the hourly chart, the price is trading near the local support at $1,911. If the bears' pressure continues, the breakout may lead to a sharp drop to the $1,900 zone. Such a scenario is relevant until the end of the day.

ETH/USD chart by TradingView

On the daily time frame, the price of Ethereum (ETH) has made a false breakout of the $1,920 mark. If the candle closure happens far from this mark, there is a chance of seeing a more profound decline to the support at $1,890.

ETH/BTC chart by TradingView

The opposite situation is on the daily chart against Bitcoin (BTC). The rate has continued the decline after the failed attempt to fix above the 0.06672 mark.

Related

In this regard, the more likely scenario is the ongoing decline to support at 0.06222.

Ethereum is trading at $1,917 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD