Advertisement
AD

Main navigation

Ethereum (ETH) Price Analysis for April 27

Advertisement
Thu, 27/04/2023 - 14:07
Ethereum (ETH) Price Analysis for April 27
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

Growth has not lasted long as most of the coins are back in the red zone.

Advertisement

Top coins by CoinMarketCap

Top coins by CoinMarketCap

ETH/USD

Ethereum (ETH) has ended up losing more than Bitcoin (BTC), falling by 1.70% over the previous 24 hours.

ETH/USD chart by TradingView

Image by TradingView

On the hourly chart, the rate of Ethereum (ETH) has formed the local support level at $1,876. The price remains under sellers' pressure as it has not even bounced back to the middle of the channel.

Related
Cardano (ADA) Price Analysis for April 26

If buyers cannot seize the initiative by the end of the day, the breakout may lead to a drop to the $1,860 zone tomorrow.

ETH/USD chart by TradingView

Image by TradingView

On the bigger chart, one should pay attention to the important mark of $1,900. In case the closure happens below it, the accumulated energy should be enough for a breakout of $1,800, followed by the test of the support at $1,715. Such a scenario is relevant until the end of the month.

ETH/USD chart by TradingView

Image by TradingView

A similar situation can be seen on the weekly time frame as the rate is closer to the support than to the resistance. However, if buyers manage to close the bar above the previous candle low at $1,826, there is a chance to see sideways trading of the main altcoin in the area of $1,850-$1,950 in the coming few weeks.

Ethereum is trading at $1,875 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