Ethereum is pricing just behind the $ 1800 level, with a horizontal change of $ 1780 this morning. The Asian session is still with sellers, but the risk appetite in stocks does not cause panic on the cryptocurrency front. Finally, the number of ETHs that have been inactive for 1 and 3 months in active supply has advanced to a two-year high. According to the MVRV rate, Ethereum seems to be discounted considering its adjusted (real) price and market price. In response to the EIP 1559 improvement, which will be completed in July, Ethereum miners announced that they will attack the system that will last 51 hours on April 1, citing the decrease in their income. Although there is no such thing as a system crash or hacking, it is not positive news in terms of price development.
When we consider the ETH / USD parity technically, the target of the double top formation in the $ 1880 region within the bullish channel points to the lower band of the channel, $ 1650. The momentum turned negative in the MACD, but the sales in the morning were also below average. Therefore, the fact that sellers are in the background in terms of volume is not a decrease in prices, it shows that these retreats are very short corrections. The view is horizontal but positive.
- Resistances: 1853 / 1916 / 1962
- Supports: 1633 / 1697 / 1743
PLEASE CONSIDER! These are all my personal expectations, ideas or opinions and they are not an investment advice.
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