Main navigation

Ethereum (ETH) Price Analysis for April 5

Advertisement
Wed, 5/04/2023 - 18:00
Ethereum (ETH) Price Analysis for April 5
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

The cryptocurrency market could not withstand sellers' pressure, according to the CoinMarketCap ranking.

Advertisement

Top coins by CoinMarketCap

ETH/USD

Ethereum (ETH) is the exception to the rule, rising by almost 2%.

ETH/USD chart by TradingView

On the hourly chart, the price of Ethereum (ETH) is trading in the middle of the channel, between the support at $1,865 and the resistance at $1,925. There are low chances of seeing the breakout of any of these marks, as most of the daily ATR has been passed.

Related

In this regard, sideways trading around $1,900 is the more likely scenario.

ETH/USD chart by TradingView

On the daily time frame, traders should pay attention to yesterday's peak at $1,890. If the candle closure happens above it, growth may continue to the $1,950 area and above.

ETH/BTC chart by TradingView

Ethereum (ETH) has broken the resistance of 0.06672 on the daily chart against Bitcoin (BTC). If the rate remains above that mark, one can expect ongoing midterm growth to the 0.07 zone.

Ethereum is trading at $1,898 at press time.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

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

Popular articles

Advertisement
AD