After Ethereum has lost the upward support in the last days of February, the Ethereum Prize has failed to recover the levels. Although the levels have exceeded the consolidated area of $ 2,000, the price continues to accumulate below $ 2800, which has now become the pivot range to be secured. In the meantime, some of the tokens based on Ethereum such as Optimism, Ethereum Name Service and Lido Dao show signs of a break. Here is the next step in these tokens.
Optimism (OP)
The price of optimism faced an enormous upward pressure while the Bears dominated the rally and reduced the levels to the lowest point since creation. The sale pressure seems to have softened, helping the token to increase slightly from below. However, the Bulls do not seem to have won in confidence, which can occur once the OP price has recovered the crucial resistance at $ 1.2.
As the above graph shows, the OP price defended support and works hard to exceed the provisional resistance at $ 1.25. The CMF tries to bounce back, suggesting that the Bulls make a return. In addition, the REV power increases the claim, which suggests that the volume flows into the token. Once the optimism price provides a range greater than $ 1.2, an increase in the resistance zone of $ 1.94 and $ 2.03 could be imminent, which could still push the levels to the bell of the parabolic recovery curve at $ 2.8.
Lido Dao (LDO)
Since its creation, the Lido Dao prize has displayed a significant force and defends the support area. In addition, the price was held in a wave of a predetermined fork and with the last increase, the token entered the Haussier range. If the price continues to rise with an increase of more than 20%, the LDP price could unlock an increase of 80% to exceed the levels of pivot resistance to $ 2.
After the latest rebound, the LDO Prize exceeded the Conversion line of the Cloud Ichimoku, which revives the possibility of an increased continuation. On the other hand, the RSI started with a parabolic recovery, which suggests that the Ichimoku cloud could still undergo a bull. With this, the price is supposed to exceed $ 2 initially and later towards the higher objectives close to $ 5 and form a new ATH.
Ethereum name service (ENS)
The price of the service of the name of Ethereum has remained high since the beginning of the quarter and increased in the Haussier range. Despite a rebound, the Bulls have succeeded in defending ascending support, which suggests that more upward potential is fast approaching. However, the token tests one of the pivotal resistors to the 200-day MA, and therefore a climb beyond the beach could trigger a new upward wave.
As mentioned earlier, the price tests the 200 -day MA while the 50 -day MA posted a bullish divergence. If the price maintains a consolidated ascending trend, on the other hand, the + di and -Di of DMI separated, which were heading for a lower crossover. This validates the bullish divergence and a rise above the neck of the W-shaped pattern; The ENS price can guarantee $ 30 and later, head for higher objectives.
