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ETH Prepares for $1500 Resistance, Buy TAMA, and Hold

ETH Prepares for $1500 Resistance, Buy TAMA, and Hold

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Ethereum (ETH) price is preparing to break above the 9-day moving average after a quick retracement in the channel.

Ethereum Prediction Stats:

  • Ethereum price now – $1329
  • Ethereum market cap – $162.6 billion
  • Ethereum circulating supply – 122.5 million
  • Total Ethereum supply – 122.5 million
  • Ethereum Coinmarketcap Ranking – #2

ETH/USD market

Key levels:

Resistance levels: $1800, $2000, $2200

Support levels: $900, $700, $500

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ETH/USD is currently recovering above the opening price of $1294 and is likely to rise above $1400 soon. Meanwhile, Ethereum price is now above its 9-day moving average as the bulls may start to dominate the market.

Ethereum price may rise to $1500 when Tamadoge rises

Ethereum price may break above the 9-day and 21-day moving averages. If ETH/USD breaks towards the top of the channel, it could reach the important $1500 resistance. However, a successful break above this level could open a new rally above the $1600 level. The price is likely to rise towards the $1800, $2000 and $2200 resistance levels in the next positive direction.

With the technical indicator Relative Strength Index (14) moving inside the 40 level, which means that the market may soon diverge to the upside, but a break below this level may cause the coin to cross below the lower limit of the channel, and if this is to focus, ETH/USD may touch nearest support at $1200 support. The next major support is below the bottom of the channel, where the bulls are likely to take a strong stance, but potential further losses could lead the price towards the $900, $700 and $500 support levels.

Compared to Bitcoin, Ethereum price is now moving above the 9-day moving average as the market continues due to changing trends; It is imperative that the cross crosses the 21-day moving average before heading to the upper limit of the channel. At the same time, the technical indicator Relative Strength Index (14) is revealed to be moving inside the 40 level, which is a confirmation of the bullish move.

ETHBTC – Daily Chart

However, if the price breaks above the 21-day moving average, the bulls may push the market back to the nearest resistance level of 8000 SAT. Also, if the price holds above this level, traders can expect immediate resistance at 9000 SAT and above. On the other hand, a break below the lower limit can locate a support level at 6000 SAT and below.

OKX (formerly OKEx) is a centralized exchange (CEX) that also has its own DEX where Tamadoge is also traded – for those who cannot register with OKX depending on their country of residence. The DEX listing will take place at 17:00 UTC, also on the 27th.

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