Ethereum Technical Analysis: Looking At The New Week
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.
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