Ethereum, the second largest coin after the leading cryptocurrency, closed the last week with an 11% rise, along with Bitcoin. Starting the new week with a rise, Ethereum continues to be a matter of curiosity whether it can close above $ 1700 this week. Ethereum, which started the day at $ 1692 level, closed the day at $ 1682 with a decrease of 0.56% after seeing the level of $ 1726.
At the time of writing, it is trading at $1690 with a daily increase of 0.44%.
Ethereum Chart Analysis
Ethereum, which rose to the level of $ 1700 with the purchases from the EMA55 support last week, followed a fluctuating course with the sales from this region. In the new week, I see the $ 1700 level as a resistance, I expect the purchases to harden as the closes come on this resistance. In possible retracements, the daily EMA5 $1672 and EMA21 $1616 levels can be followed as the first support points.
This article does not contain investment advise or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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