Baxia Markets
June 14, 2022

Ethereum hits lowest level in 1.5 years

technical analysis top header -01

The cryptocurrency sank to $1,075 in today's trading sessions after an eight-day losing streak. The price could potentially start a slow and bumpy recovery based on technical analysis; however, the general trend is still downwards.


The Bollinger bands opened up aggressively on June 10th indicating a potential breakout, which occurred the same day. The pair is currently trading below the lower band, suggesting that the price is relatively low. We might see a small recovery in the upcoming sessions, but we expect the price to be choppy for the short term, the price might continue falling overall.



ETH June 14th 2022

The relative strength index is at 19%, the lowest its been since January 2022. This could potentially stop further losses in the short term as the pair is already way oversold,  but we have seen Ethereum stay below 30% for a few sessions before it starts recovering. Our parabolic SAR suggests that the price is likely to continue moving downwards.  


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