{"id":22037,"date":"2023-02-07T09:42:20","date_gmt":"2023-02-07T09:42:20","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=22037"},"modified":"2023-02-07T09:42:21","modified_gmt":"2023-02-07T09:42:21","slug":"ethereum-technical-analysis-report-07th-feb-2023","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-07th-feb-2023","title":{"rendered":"Ethereum Technical Analysis Report | 07th-February-2023"},"content":{"rendered":"\n

ETH remains sandwiched between the 20-day EMA ($1,591) and the overhead resistance at $1,680. This range-bound trading is unlikely to last long and a breakout could occur soon. The asset price has fallen by a marginal percentage of 0.31% while the global volume has gone down by almost 11%. The rising US dollar has held back bitcoin price recovery, but lower levels should attract buyers of ETH and other altcoins.<\/p>\n\n\n\n

At the time of writing, ETH<\/a> was trading at $1,634<\/p>\n\n\n

\n
\"Ethereum
Ethereum (ETH) Chart<\/figcaption><\/figure><\/div>\n\n\n

ETH, after giving a breakout above the range ($1,100 to $1,250), surged almost by 36% and made a high of $1,714.6. The bulls are struggling to break the key resistance zone at $1,700-$1,750 (Horizontal Trendline) and the upper shadows around these levels indicate profit booking or indecision in trend. Currently, the asset is consolidating and trading between $1,700 to $1,550 and is taking good support around $1,500 at its 200-Day Moving Average. Breakouts on either side of these levels with good volumes will further decide the trend for ETH.<\/p>\n\n\n\n

  Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2<\/strong><\/td><\/tr>
$1,250<\/td>$1,500<\/td>ETH<\/strong><\/td>$1,750<\/td>$2,000<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

ETH remains sandwiched between the 20-day EMA ($1,591) and the overhead resistance at $1,680. This range-bound trading is unlikely to last long and a breakout could occur soon. The asset price has fallen by a marginal percentage of 0.31% while the global volume has gone down by almost 11%. The rising US dollar has held […]<\/p>\n","protected":false},"author":1,"featured_media":22038,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/22037"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=22037"}],"version-history":[{"count":0,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/22037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/22038"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=22037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=22037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=22037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}