Hi everyone as we all know the market action reduces everything 🙂
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ETH was on one all the time high ( ATH ), as it hit $ 4,460 yesterday after the Altair upgrade shows a clear path to the merger and started today with but the market has returned to a. vice versa Day the coin price dropped to 4318.29 at the time of this idea.since declining to around $ 1,780 on July 21st and increasing in value by almost 148% and on Friday, the price of Ether (ETH) has risen to new levels
Possible scenarios for the market:
The price has fallen today after a sharp rise in the coin value over the past few days, we could see a correction in the market that could bring the price back to the firstNear $ 3873.15, or even the second resistance at $ 3558.91 as you can see on the chart, we were able to a. recognize Divergence between market and .
After the Altair upgrade shows a clear path to merger, the market has appreciated sharply in value, which is likely the start of a strong oneMovement for the ETH coin, the first goal will be the located at $ 4,492.47 and from there it will go to the second at $ 4766.45 where the market could take a small correction before going back into one on the way to the $ 5,167.20 level.
Technical indicators show:
1) The market is above 5 10 20 50 100 and 200 MA and(Strong Signature)
2) Theis at 61.65 showing great strength in the market. A A divergence has been identified that could soon lead to a decline in the market.
3) Theis at 32.31 showing that the market is trending with a positive crossover between DI + (21.80) and DI- (10.63).
1) 3768.02 1) 4467.61
2) 3367.27 2) 4766.45
3) 3068.43 3) 5167.20
Basic point of view:
Cointelegraph reported Thursday that the ether The 2.0 Altair Beacon Chain Update got off to a successful start with 98.7% of the nodes being updated at this point. A successful Altair upgrade to the Beacon Chain was seen as a key factor paving the way for the merger with the ether Mainnet and the transition to a proof-of-stake consensus mechanism in ether 2.0.
Ethereum’s success is also being driven by the platform’s use in the booming decentralized finance and non-fungible token sectors. They highlight the continuously increasing demand for ether in the future and thus provide additional tailwindOutlook for the fourth quarter of 2021 and possibly until 2022.
This is my personal opinion made withthe market price and online research by Fundamental Analysts and News for The Fundamental from a perspective, not financial advice.
If you have any questions please ask and have a nice day !!
Thanks for reading.