Bear Stew Trap or $4k? In H.I.D.D. Etherum data mixed with price recovery
The Bank of Japan (Aram) fell to 2,800 USD to 2,800 USD. Meanwhile, techniques and Ochanin's information sent mixed signals with the ability to destroy the original.
Key points
The price of Etherum fell 5.5% on Monday, leaving it below $3,000.
Bulls are looking for a cooling barrier above $3,200, while the $2,800 gap will taste good.
Ether's MVRV Z-score is sending the accumulation zone to the bottom of the area.
The price of Ether is a sandwich between two key levels
In the year Nov 6, $6,620 from the low of $2,620 reached the low of $1,620.
This is “the main analyst that he appointed in the X world on Friday” this “corrective analyst” said that this “was the main support”.
Related: enceDears Stards may soon reinvest $3.2k based on Smoin products
Note that the 50-week (yellow wave) and 100-week (blue wave) mirrors the way they move (see chart below), reinforcing the importance of this level.
“If they stay above this level and stay there, we will see the price mature to the mid-$3000s.” That Martini man added ₿.
The glass cost spread shows that the heater has another resistance between $3,150 and $3,230, which is more than 5.1 million.
Down, the $2,800 is the $2,800 of HCD.
Ensis Danan Crypto Trades recently X Proser's Meardy Plays Meardes has a good “to find a good support position”.
Tansow wrote that “a very vague non-faulty job can be seen below these local slippages”.
“This is a key place to protect the bears.”
On Nora, Dine crypto traders said that it will rise above $3,350, close to a high above $3,000.
“$2,850 and $3,350 are important levels in this area.”
According to the chartist, buyers are expected to defend the support of $2,800-$2,600, while bears are expected to defend around $3,100.
Etherum Entfs influx indicates good sentiment
The ability to buy a deeper correction has strengthened downwards in the US-based ETERERUME LETATONS EXCHANGE (ETFS).
Ether FFFF completed the worst entry failure of institutions selling Commands Servato with $312 million.
Meanwhile, international Ethereum exchange products (etps) recorded $309.1 million in consumption last week due to constant demand.
However, Ether's ability to stay above $2,800 and $3,000 against $3,000 can be pushed by the pursuit of network demand as shown by the decline in Nasin network fees.
It decreased by 54% the previous week. In comparison, in comparison with the 2% of the payments, it was increased by 0.4%.
At the same time, the number of active addresses on the base of Eheetumum increased by 20%, the number of transactions increased by 4%. This will eventually increase user participation, primarily to increase the price to a higher level.
Ether MVRV Z-score scores below the area
It is the ether mechanin meth (the green line in the table below) that is used to identify market toys and bottles.
Last time Ether M.R.L. The MVRV Z-score was around 0.30 in June until the current level. This was exposed to $2,100 from the local stock market and rose from $4,950 to $5,950 USD.
As reported by KonteriSegram, most of the ETERERMum price models, more than 4000 dollars, the highest power of the project is being carried out.
This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.
