Ethereum: Strong move if…

The new trading week starts weak. New worries about possible further lockdowns in China and the uncertainty about future gas deliveries are depressing investor sentiment. The crypto market cannot escape the downward pressure either. Ethereum is continuing the downward trend and investors must pay attention to these signals.

In weekend trading, the bulls ended at the resistance at $1,280. The retracement continues Monday as Ethereum (ETH) falls towards the support at $1,075. There is also a strong support zone a little lower at the psychologically important $1,000 mark.

Thus, ETH is currently in a range that has built up between the resistance and the $1,000 mark over the past few weeks. Rapid changes in direction and increased volatility can occur within this range. Invested investors should take this fact into account accordingly. A strong movement should be expected as soon as the price leaves the range up or down.

ETH to USD

The situation at Ethereum remains tense, volatility is high and the technical signals point to difficult waters. Investors should keep calm and only get involved here if they have a correspondingly high risk tolerance.

Notice of Conflicts of Interest:
The editor-in-chief of the publisher Börsenmedien AG, Mr. Leon Müller, has taken direct and indirect positions on the following financial instruments mentioned in the publication or related derivatives that can benefit from any price development resulting from the publication: Ethereum.

Notice of Conflicts of Interest
The CEO and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has taken direct and indirect positions on the following financial instruments mentioned in the publication or related derivatives that can benefit from any price development resulting from the publication: Ethereum

Notice of Conflicts of Interest
The author holds direct positions on the following financial instruments mentioned in the publication or related derivatives that can benefit from any price development resulting from the publication: Ethereum

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