ETHUSDT Weekly technical analysis of Etherum
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Atrium prices rebounded from $ 4,375 on Saturday, indicating that buyers have turned this level into support. The next day we saw upward pressure and buyers yesterday managed to push the Atrium to the all-time high of $ 4,665.87.
If Atrium can reach the psychological level of $ 5,000, it will probably face heavy resistance in this area. If we see a fall from this resistance but the price does not fall below the 20-day moving average, we can say that buyers are buying on the floor.
Closing the price above $ 5,000 could open the way for the rally to $ 5,283.17. The 20-day moving average is the support that should be monitored because it has not been broken in the last 9 days.
The breaking of this support may be considered a sign of weakening the uptrend. This could lead to a drop to $ 3,888.
Resistances: 5,000 - 5,283.17
Supports: 4,665.87 - 4,375 - 3,888
Atrium prices rebounded from $ 4,375 on Saturday, indicating that buyers have turned this level into support. The next day we saw upward pressure and buyers yesterday managed to push the Atrium to the all-time high of $ 4,665.87.
If Atrium can reach the psychological level of $ 5,000, it will probably face heavy resistance in this area. If we see a fall from this resistance but the price does not fall below the 20-day moving average, we can say that buyers are buying on the floor.
Closing the price above $ 5,000 could open the way for the rally to $ 5,283.17. The 20-day moving average is the support that should be monitored because it has not been broken in the last 9 days.
The breaking of this support may be considered a sign of weakening the uptrend. This could lead to a drop to $ 3,888.
Resistances: 5,000 - 5,283.17
Supports: 4,665.87 - 4,375 - 3,888
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