Key point:
Bitmin Immersion Technologies and Bit Digital recently announced its intention to make ether (ETH) part of their cash strategy. In addition, the Sharplink Gaming sports betting company increased its ether assets to 188,000 ether after the last purchase of 12,207 ether during the week ending on June 20.
The equity prices of the three companies increased on Wednesday, but Ether will also follow? Let us study the graphics to discover it.
Ether price prediction
Ether turned out strongly on Wednesday and broke out above the mobile averages, indicating aggressive purchases at lower levels.
If the price is supported above the simple 50-day mobile average ($ 2,529), the ETH / USDT pair could switch to the area from $ 2,738 to $ 2,879. Sellers should fiercely defend the air area. If the price drops sharply from the air area, the pair can extend its stay inside the range from $ 2,879 to $ 2,111 for a little more time.
The next trend decision should start a break greater than $ 2,879 or less than $ 2,111. If the level of $ 2,879 is set up, the pair could come together at $ 3,400. On the other hand, a break below $ 2,111 could run the pair at $ 1,800.
In relation: XRP FUTURES OI jumps 30% while the price graph “Pennant” targets $ 3.20
Buyers pushed the price above the resistance of $ 2,521, opening the doors of a rally at $ 2,680. The mobile average at 20 higher exponentals and the relative force index (RSI) in the positive territory indicate an advantage to buyers. DIPs are likely to find buyers in the 20th. If this happens, the possibility of a gathering at $ 2,738 increases.
The first sign of weakness will be a break and close below the 20 EMA. This suggests that bears sell aggressively. This could flow the pair at 50-SMA and thereafter at $ 2,373.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
