• bitcoinBitcoin (BTC) $ 30,082.00
  • ethereumEthereum (ETH) $ 2,056.61
  • tetherTether (USDT) $ 1.00
  • usd-coinUSD Coin (USDC) $ 1.00
  • binance-coinBNB (BNB) $ 301.81
  • xrpXRP (XRP) $ 0.428353
  • cardanoCardano (ADA) $ 0.568219
  • solanaSolana (SOL) $ 54.89
  • binance-usdBinance USD (BUSD) $ 1.00
  • polkadotPolkadot (DOT) $ 10.80
  • dogecoinDogecoin (DOGE) $ 0.089434
  • avalanche-2Avalanche (AVAX) $ 33.39
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 30,071.00
  • staked-etherLido Staked Ether (STETH) $ 2,020.35
  • tronTRON (TRX) $ 0.070722
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • daiDai (DAI) $ 0.999584
  • litecoinLitecoin (LTC) $ 72.86
  • crypto-com-chainCronos (CRO) $ 0.197016
  • matic-networkPolygon (MATIC) $ 0.706427
  • leo-tokenLEO Token (LEO) $ 4.93
  • nearNEAR Protocol (NEAR) $ 6.62
  • ftx-tokenFTX Token (FTT) $ 31.84
  • bitcoin-cashBitcoin Cash (BCH) $ 202.40
  • chainlinkChainlink (LINK) $ 7.51
  • stellarStellar (XLM) $ 0.136657
  • okbOKB (OKB) $ 12.57
  • algorandAlgorand (ALGO) $ 0.482514
  • cosmosCosmos Hub (ATOM) $ 11.20
  • moneroMonero (XMR) $ 172.57
  • flowFlow (FLOW) $ 2.92
  • ethereum-classicEthereum Classic (ETC) $ 21.34
  • apecoinApeCoin (APE) $ 8.44
  • uniswapUniswap (UNI) $ 5.22
  • elrond-erd-2Elrond (EGLD) $ 98.76
  • vechainVeChain (VET) $ 0.031847
  • hedera-hashgraphHedera (HBAR) $ 0.102844
  • internet-computerInternet Computer (ICP) $ 8.32
  • theta-fuelTheta Fuel (TFUEL) $ 0.068987
  • magic-internet-moneyMagic Internet Money (MIM) $ 0.994480
  • decentralandDecentraland (MANA) $ 1.19
  • filecoinFilecoin (FIL) $ 8.44
  • compound-ethercETH (CETH) $ 41.22
  • axie-infinityAxie Infinity (AXS) $ 21.37
  • the-sandboxThe Sandbox (SAND) $ 1.34
  • tezosTezos (XTZ) $ 1.81
  • defichainDeFiChain (DFI) $ 3.07
  • chain-2Chain (XCN) $ 0.093291
  • fraxFrax (FRAX) $ 0.999675
  • kucoin-sharesKuCoin Token (KCS) $ 14.65
  • makerMaker (MKR) $ 1,525.88
  • pancakeswap-tokenPancakeSwap (CAKE) $ 4.63
  • eosEOS (EOS) $ 1.36
  • theta-tokenTheta Network (THETA) $ 1.35
  • zcashZcash (ZEC) $ 102.62
  • terra-lunaTerra (LUNA) $ 0.000191
  • true-usdTrueUSD (TUSD) $ 1.00
  • aaveAave (AAVE) $ 88.84
  • the-graphThe Graph (GRT) $ 0.174247
  • klay-tokenKlaytn (KLAY) $ 0.420873
  • huobi-btcHuobi BTC (HBTC) $ 30,126.00
  • compound-usd-coincUSDC (CUSDC) $ 0.022582
  • huobi-tokenHuobi Token (HT) $ 7.00
  • iotaIOTA (MIOTA) $ 0.379867
  • bitcoin-svBitcoin SV (BSV) $ 55.12
  • bittorrentBitTorrent (BTT) $ 0.000001
  • terrausdTerraUSD (UST) $ 0.087720
  • thorchainTHORChain (RUNE) $ 3.32
  • quant-networkQuant (QNT) $ 72.48
  • paxos-standardPax Dollar (USDP) $ 1.00
  • ecasheCash (XEC) $ 0.000049
  • stepnSTEPN (GMT) $ 1.53
  • fantomFantom (FTM) $ 0.348013
  • heliumHelium (HNT) $ 8.69
  • radixRadix (XRD) $ 0.087711
  • neutrinoNeutrino USD (USDN) $ 0.963152
  • gatechain-tokenGateToken (GT) $ 5.55
  • cdaicDAI (CDAI) $ 0.021986
  • bitdaoBitDAO (BIT) $ 0.842616
  • arweaveArweave (AR) $ 15.33
  • nexoNEXO (NEXO) $ 1.36
  • neoNEO (NEO) $ 10.66
  • kusamaKusama (KSM) $ 83.82
  • zilliqaZilliqa (ZIL) $ 0.051787
  • convex-financeConvex Finance (CVX) $ 11.52
  • enjincoinEnjin Coin (ENJ) $ 0.723564
  • wavesWaves (WAVES) $ 6.68
  • amp-tokenAmp (AMP) $ 0.013857
  • galaGala (GALA) $ 0.086998
  • dashDash (DASH) $ 58.37
  • chilizChiliz (CHZ) $ 0.116453
  • celoCelo (CELO) $ 1.41
  • havvenSynthetix Network Token (SNX) $ 2.73
  • loopringLoopring (LRC) $ 0.483594
  • osmosisOsmosis (OSMO) $ 1.61
  • maiar-dexMaiar DEX (MEX) $ 0.000119
  • pax-goldPAX Gold (PAXG) $ 1,824.95
  • basic-attention-tokenBasic Attention Token (BAT) $ 0.402122
  • blockstackStacks (STX) $ 0.568048
  • gnosisGnosis (GNO) $ 226.57
  • harmonyHarmony (ONE) $ 0.047555
  • compound-usdtcUSDT (CUSDT) $ 0.021768
  • xdce-crowd-saleXDC Network (XDC) $ 0.045370
  • mina-protocolMina Protocol (MINA) $ 1.08
  • lido-daoLido DAO (LDO) $ 1.50
  • nemNEM (XEM) $ 0.060120
  • kadenaKadena (KDA) $ 2.93
  • fei-usdFei USD (FEI) $ 0.998897
  • decredDecred (DCR) $ 37.73
  • curve-dao-tokenCurve DAO Token (CRV) $ 1.31
  • frax-shareFrax Share (FXS) $ 8.29
  • kavaKava (KAVA) $ 2.56
  • nxmNexus Mutual (NXM) $ 70.13
  • compound-governance-tokenCompound (COMP) $ 69.82
  • holotokenHolo (HOT) $ 0.002655
  • tether-goldTether Gold (XAUT) $ 1,860.87
  • tokenize-xchangeTokenize Xchange (TKX) $ 5.51
  • ecomiECOMI (OMI) $ 0.001615
  • qtumQtum (QTUM) $ 4.07
  • bancorBancor Network Token (BNT) $ 1.46
  • iostokenIOST (IOST) $ 0.017673
  • juno-networkJUNO (JUNO) $ 7.94
  • oec-tokenOKC Token (OKT) $ 24.71
  • 1inch1inch (1INCH) $ 0.935302
  • flex-coinFLEX Coin (FLEX) $ 4.91
  • serumSerum (SRM) $ 1.22
  • livepeerLivepeer (LPT) $ 14.94
  • evmosEvmos (EVMOS) $ 1.83
  • moonbeamMoonbeam (GLMR) $ 1.35
  • yearn-financeyearn.finance (YFI) $ 9,920.79
  • msolMarinade staked SOL (MSOL) $ 57.30
  • omisegoOMG Network (OMG) $ 2.48
  • 0x0x (ZRX) $ 0.410426
  • celsius-degree-tokenCelsius Network (CEL) $ 0.821251
  • liquity-usdLiquity USD (LUSD) $ 1.00
  • bitcoin-goldBitcoin Gold (BTG) $ 19.59
  • rocket-poolRocket Pool (RPL) $ 20.75
  • secretSecret (SCRT) $ 1.94
  • xido-financeXido Finance (XIDO) $ 11.63
  • linkLINK (LN) $ 53.75
  • olympusOlympus (OHM) $ 16.70
  • husdHUSD (HUSD) $ 1.00
  • bitkub-coinBitkub Coin (KUB) $ 3.61
  • audiusAudius (AUDIO) $ 0.449362
  • ankrAnkr (ANKR) $ 0.039043
  • ravencoinRavencoin (RVN) $ 0.030068
  • usddUSDD (USDD) $ 1.01
  • justJUST (JST) $ 0.041990
  • everdomeEverdome (DOME) $ 0.025511
  • swissborgSwissBorg (CHSB) $ 0.314655
  • skaleSKALE (SKL) $ 0.085426
  • iconICON (ICX) $ 0.383552
  • convex-crvConvex CRV (CVXCRV) $ 1.28
  • everscaleEverscale (EVER) $ 0.239440
  • iotexIoTeX (IOTX) $ 0.030289
  • titanswapTitanSwap (TITAN) $ 2.83
  • oasis-networkOasis Network (ROSE) $ 0.081550
  • constellation-labsConstellation (DAG) $ 0.109906
  • dogelon-marsDogelon Mars (ELON) $ 0.00000051
  • safemoonSafeMoon [OLD] (SAFEMOON) $ 0.00000011
  • siacoinSiacoin (SC) $ 0.005354
  • ethereum-name-serviceEthereum Name Service (ENS) $ 11.11
  • mimaticMAI (MIMATIC) $ 1.00
  • sushiSushi (SUSHI) $ 1.37
  • golemGolem (GLM) $ 0.260165
  • songbirdSongbird (SGB) $ 0.032708
  • zencashHorizen (ZEN) $ 20.74
  • synapse-2Synapse (SYN) $ 1.39
  • waxWAX (WAXP) $ 0.127046
  • trust-wallet-tokenTrust Wallet Token (TWT) $ 0.717372
  • safemoon-2SafeMoon (SFM) $ 0.000441
  • ontologyOntology (ONT) $ 0.275636
  • render-tokenRender Token (RNDR) $ 0.951380
  • ethosVoyager Token (VGX) $ 0.828349
  • plexPLEX (PLEX) $ 0.917899
  • astarAstar (ASTR) $ 0.067522
  • escoin-tokenEscoin Token (ELG) $ 3.25
  • swipeSXP (SXP) $ 0.469299
  • pocket-networkPocket Network (POKT) $ 0.215372
  • gemini-dollarGemini Dollar (GUSD) $ 1.01
  • smooth-love-potionSmooth Love Potion (SLP) $ 0.005570
  • umaUMA (UMA) $ 3.29
  • tether-eurtEuro Tether (EURT) $ 1.05
  • nucypherNuCypher (NU) $ 0.178075
  • immutable-xImmutable X (IMX) $ 0.893918
  • tensetTenset (10SET) $ 2.40
  • playdappPlayDapp (PLA) $ 0.575634
  • apenftAPENFT (NFT) $ 0.00000075
  • woo-networkWOO Network (WOO) $ 0.196632
  • velasVelas (VLX) $ 0.089000
  • mxcMXC (MXC) $ 0.083135
  • polymathPolymath (POLY) $ 0.222962
  • illuviumIlluvium (ILV) $ 305.00
  • hiveHive (HIVE) $ 0.536028
  • rally-2Rally (RLY) $ 0.071207
  • casper-networkCasper Network (CSPR) $ 0.040619
  • kyber-network-crystalKyber Network Crystal (KNC) $ 1.88
  • digibyteDigiByte (DGB) $ 0.012501
  • acalaAcala (ACA) $ 0.462224
  • renbtcrenBTC (RENBTC) $ 30,197.00

Ethereum Downtrend Subsides as It Fluctuates Above $2,000 Support

Ethereum Downtrend Subsides as It Fluctuates Above $2,000 Support

Yesterday, the price of Ethereum (ETH) plunged to a low of $1,763 as bulls bought the dips. Today, the largest altcoin is in an upward correction with the market reaching a high of $2,148. For the uptrend to continue, the bulls need to break above resistance at $2,201.

A break above this resistance will push Ether to rise to the next resistance at $2,955. The largest altcoin will be forced to rangebound between $1,763 and $2,200, where the bulls failed to overcome the recent high. On the other hand, if Ether turns from the recent high and falls below the current support, the downtrend will resume. The market will continue to fall to the low of $1,350. Meanwhile, Ether is moving above the $2,000 support. 

Ethereum indicator analysis

The cryptocurrency is at level 30 of the Relative Strength Index for period 14. Ether has fallen into the oversold area of the market, but no buyers have appeared in the oversold area yet. It is above the 40% area of the daily stochastic. This indicates that the market is in a bullish momentum. The 21-day line and the 50-day line SMAs are down. The 21-day line SMA is the resistance line for prices.

Ethereum Downtrend Subsides as It Fluctuates Above $2,000 Support

Technical indicators:  

Major Resistance Levels – $4,500 and $5,000

Major Support Levels – $3,500 and $3,000

What is the next direction for Ethereum?

Ether is in a downtrend but fluctuating below the high of $2,150. The upward correction is hindered at the moment. Meanwhile, the downtrend from May 12 has shown a candle body testing the 61.8% Fibonacci retracement level. The retracement suggests that ETH will fall to the Fibonacci extension level of 1.618 or $1,366.

Ethereum Downtrend Subsides as It Fluctuates Above $2,000 Support

Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their research before investing funds.

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