ETH Price Prediction – April 9
The price of Ethereum has been linked to the range with a bullish bias in recent days.
ETH / USD market
Resistance levels: $ 210, $ 215, $ 220
Support levels: $ 130, $ 125, $ 120
Looking at the daily chart, it was discovered that the ETH / USD did not continue to exceed $ 176 and fell below $ 174 and that the price is currently correcting higher, but is likely to face at resistance near $ 190 and $ 195. The price is traded above the 9-day and 21-day moving averages.
In addition, Ethereum (ETH) is at an astonishing level. The coin jumped in the first half of the day and started selling for $ 163.91. A few weeks ago, the coin started an upward movement since March 17 when it went down from $ 112.50 and continued until April 6 to give a surprising push on the market.
Currently, the ETH / USD price continues to move sideways in the channel and is trading at $ 170.53. In the scenario where it maintains the upward movement above the moving averages, buyers could find resistance at $ 210, $ 215 and $ 220. Conversely, if the bears push the price below the channel, sellers can have critical support at $ 130, $ 125 and $ 120.
Meanwhile, the stochastic RSI continues to move in the same direction as the price stuck in an overbought range, which shows that the market is undecided for now.
Against Bitcoin, the market price has remained in the upward movement, currently trading at 2335 SAT and expecting a breakout above the channel. Looking at the daily chart, we can see that the bulls are taking over the market. If the market continues to rise, the next key resistance levels could be at 2500 SAT and above.
However, on the downside, a possible drop could bring the market below the 9 and 21 day moving averages which could reach the support levels of 2200 SAT and below. According to the stochastic RSI, the market is facing an upward trend, which could trigger more bullish signals in the market soon.
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