Baxia Markets
January 26, 2022

ETH is down 27% in the last 9 days

technical analysis top header -01

The cryptocurrency took a big hit in previous days where it reached its lowest level since late July, most cryptos are struggling as Bitcoin continues sinking, Ethereum found support at $2,160 which would probably be retested in the short term.


The Bollinger bands are very wide but continue to move downwards, indicating that the downtrend would continue; however the pair traded closer to the lower band, suggesting that the price is relatively low, which could push investors to buy the potential dip, but its too early to tell.


ETTH Jan 25th 2022


The relative strength index is at 25%, it has recovered some points after falling below 20% in the previous session, the current RSI would allow a potential rally since it's at its lowest since March 2020. 


We love to hear new ideas from traders and want to know what you think! 


If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.


Open Live Account  


Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 


Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.

Subscribe by Email