The price has reached a fork in the road after falling below the uptrend line's support. While this collapse concerns bulls, the 50-EMA, around $1,872, has remained in control since April 21.<\/p>\n\n\n\n
A bearish breakout at the current support will prove the validity of the supply zone between $1.9K - $2K, leading to more sell pressure this week. In such a case, we may see the price return to the potential demand zone below $1,712.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: Sellers Manage to Keep BTC Below $30K, And the ETH Is Likely To Challenge Support At $1,838","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-sellers-manage-to-keep-btc-below-30k-and-the-eth-is-likely-to-challenge-support-at-1838","to_ping":"","pinged":"","post_modified":"2023-07-24 12:00:10","post_modified_gmt":"2023-07-24 02:00:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12680","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Ethereum (ETH) is also in limbo after falling below the critical support at $1,928, but there is still hope for a recent rise if bulls manage to keep the price above $1,838.<\/p>\n\n\n\n
The price has reached a fork in the road after falling below the uptrend line's support. While this collapse concerns bulls, the 50-EMA, around $1,872, has remained in control since April 21.<\/p>\n\n\n\n
A bearish breakout at the current support will prove the validity of the supply zone between $1.9K - $2K, leading to more sell pressure this week. In such a case, we may see the price return to the potential demand zone below $1,712.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: Sellers Manage to Keep BTC Below $30K, And the ETH Is Likely To Challenge Support At $1,838","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-sellers-manage-to-keep-btc-below-30k-and-the-eth-is-likely-to-challenge-support-at-1838","to_ping":"","pinged":"","post_modified":"2023-07-24 12:00:10","post_modified_gmt":"2023-07-24 02:00:10","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=12680","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};