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- Gate Futures Trading Incentive Program is Live! Zero Barries to Share 50,000 ERA
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#ETH Trading Volume Surges#
Traded in analyses and news of cryptocurrencies that "Ethereum is approaching a breakout"
"Ethereum's price is approaching a new breakout after bouncing off a support level near $3,500. The chart below, for the four-hour timeframe, shows that Ethereum's price is testing the resistance of the trend line, which, if broken, could encourage risk-taking and bolster the upward trend towards the $4,000 barrier.
In the event of a reversal, the 50-period exponential moving average at $3,575 will form the first major support. If the decline continues, the 100-period exponential moving average at $3,351 and the 200-period exponential moving average at $3,065 will intervene to absorb selling pressure.
How does it approach the breakout when it is a downward level parallel to BTC?
All currency indicators today are red 🚨🚨🚨