The Chemin de la Mint Eterium recently showed an intersection of gold with bulls considering a joint movement with an increase in momentum. Is this the start of a significant increase in May?
The price of this main digital currency shows the first signs of increasing reflection, and the formation of the gold intersection can represent a pivot point to transform Ethereum-Eth digital for purchase. “”
However, the state of economic uncertainty remains its weight on the stage. The momentum has decreased due to the trade war between the United States and China, which has led to the first negative growth in American GDP (GDP) since the first quarter of 2022.
Golden intersection: why is it very important?
The most important thing may be that the golden intersection on the graphic graphic graphic represents the first rising reflection from the emerging wave that followed the elections. When the MacD index is overlaid above the signal line – in particular on the biggest deadlines – it often indicates the first stages of great reflection in the direction. The latest activity (senior investors) adds more excitement, because the main owners of Eterium (ETH) were collecting more, because blockchain data showed significant purchases at a price of $ 1,600 to $ 1,700.
On the other hand, this collection is often an introduction to strong price altitudes, given the capacity of whales to influence the general mood of the market.
Analysis of Ethereum currency prices: this important level must be monitored
Despite the disruptions that have taken place in recent months, the style of the upward triangle that has started to train since 2021 is still standing so far.
On the other hand, the consequences of this model have not completely crystallized, in the event that the reflection of the management last month continues, the decline can be considered under the minimum support level is a formal decrease. If the momentum decreases, the price of Ethereum is threatened with a return to the region of $ 1,400 which provided price support during its drop of four months, then the price becomes a drop of 40% to around $ 1,050, which will eliminate the impact of the triangle style completely ascending.
However, there are signs of strength that have started to appear, including the RSI index (RSI), which began to increase after being rebounded from the excess sales area near the level of 30, a panel which indicates a temporary price with the drain of the sales force. On the other hand, the growing impulse also began to appear within the highest deadlines, while the weekly MacD index approached its golden intersection.
If the Ethereum price can exceed the resistance level at $ 1,960 and penetrate the high -end triangle style, the following main objective is $ 2,520, or 40% compared to current levels.
The initial offer of this currency can promise a lot with the return of the emerging market
It is more likely that any risk of risk negotiation is included in Bitcoin (BTC) as a major actor in its investments, in particular with the continuous decrease in the market for alternative currencies, and although Bitcoin provides fixed gains, this often means sacrificing investment opportunities in promising assets with extremely ÉORmois heights. Here is the role of Bitco Bull (BTCBull), which provides a new way of enjoying the coated bitcoin winds.
As it becomes clear of its name, Bitcoin Bull connects its economic data to the growth of the price of Bitcoin (BTC) according to an anchoring model, which means that the project burns a percentage of its currencies and provides free Bitcoin distribution operations (BTC) whenever the price of Bitcoin has reached an important, a little realization.
With some analysts expecting the BTC price to reach the price of a million US dollars during the current market cycle, and Bitcoin recently returned to the takeover path, BTCBLL could become the perfect ally for all believers at the high price of Bitcoin.
In fact, the project already earns a strong momentum, because it collected its subscription more than $ 5.1 million in the first six weeks, perhaps also thanks to the annual yields of 79% which it provides the mortgage to first investors.
Finally, you can follow the latest news from the Bitcoin Bull project on X and Telegram, or join the subscription on the Bitcoin Bull project website.
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The forecasting of post-Etheerium prices seems optimistic with the signal of graphic graphics to an imminent penetration of the “gold intersection” model appeared first on Arab cryptonews.
