Ethereum price forecast – September 13
Ethereum’s price forecast reveals that ETH is moving within a bearish wire structure and is still downward.
ETH / USD market
Resistance levels: $ 3900, $ 4100, $ 4300
Support levels: $ 2,700, $ 2,500, $ 2,300
ETH / USD is again below the 9-day and 21-day moving averages because the bulls have not been able to remove the resistance at $ 3,500. The initial $ 3,200 subsidy did not match sales pressures, with the decline affecting $ 3,111, which happens to be the lowest intraday. In addition, the 9-day moving average is likely to fall below the 21-day moving average to confirm downward movement.
Ethereum price forecast: The price of Ethereum confirms the downtrend
Technical signal reveals that relative strength index (14) suggests that bears may remain under control The price of Ethereum moves below the channel lower limit. However, if the indicator dives below the 40 level, the ETH / USD could break down into a primary support of $ 2,800. So far, the Side Movement may be a welcome move below the current $ 3,213 level.
However, this may allow buyers to face resistance levels of $ 3,900, $ 4,100 and $ 4,300 in future sessions. In addition, if the price falls below the channel’s lower limit, the coin may find critical support at $ 2,900, which is a close level of support for the bears. At the same time, a declining continuation could raise the market to support levels of $ 2,700, $ 2,500 and $ 2,300.
When compared to BTC, the recent price drop puts the Ethereum pair on a further downward trend after seeing the price level rise for a few days, indicating an uncertain market. Pricing continues to trade within 9-day and 21-day moving averages. Looking at the long-term bear market, 6700 SAT and below could provide additional support for the next selling pressure.
In addition, traders may say that sellers are likely to return to the market shortly after indecision. However, if the 7,000 SAT can act as a solid line of defense against a future downtrend; purchase pressure of 7800 SAT and higher resistance levels can be expected. Technical indicator The Relative Strength Index (14) is likely to exceed the 50 level, indicating a downward movement.
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