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Ethereum Technical Analysis | 5th April 2022


5th April 2022 | ZebPay Trade-Desk

Eth is currently trading in the green with about 4.5% increase in the last 24 hours. If the current prices sustain above the current level then we can expect a rally towards the psychological level of $4,000 after facing some initial resistance. But if it goes down then buying in the dips are in the picture too.

At the time of writing, ETH was trading at $3,525.

ETH, after giving a breakout at above the ‘Symmetrical Triangle’ pattern, has surged almost by 24% making the weekly high of $3,578. Currently, the asset is consolidating between $3,550 to $34,00 with low volumes. ETH is trying to make a ‘Golden Cross’ pattern ( The golden cross appears on a chart when an asset’s short-term moving average crosses above its long-term moving average indicating the potential for a major rally). Once the prices sustain above $3,650 then we can expect it to further rally up to $3,800 to $4,000 levels.

Support 2 Support 1 Asset Resistance 1 Resistance 2
$3,000 $3,350 ETH $3,650 $3,800

Disclaimer: This report is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate. The Company has prepared this report based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. This report is preliminary and subject to change; the Company undertakes no obligation to update or revise the reports to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events. Trading & Investments in cryptocurrencies viz. Bitcoin, Bitcoin Cash, Ethereum etc.are very speculative and are subject to market risks. The analysis by the Author is for informational purposes only and should not be treated as investment advice.



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