Ethereum reached $ 759, last seen in April 2018. ETH bulls will try to maintain the support levels at $ 725 and $ 700 in the coming days in case of a bearish break. Dogecoin, on the other hand, has made great gains in the past few days, and the footsteps of the altcoin season may be coming.

 

Ethereum (ETH) price analysis

When we use the Fibonacci Retracement tool, once again there are some support levels for ETH if it fails to cross the $ 750 level.

In the short term, the MACD is bearish, but $ 724 should serve as support. $ 725 – $ 735 served as a demand zone for ETH in the past few days.

If this zone is turned into a demand zone, ETH is likely to fall to $ 700.

ETH’s long-term outlook is strong. OBV showed strong purchase volume for ETH during the month of December. Mid-December retracements from $ 661 to $ 572 did not see volume sales.

Dogecoin (DOGE) price analysis

 


The 62% Fibonacci extension level was reached, and the RSI and the Stochastic RSI were in the overbought territory for DOGE during this time frame. After such strong gains, a pullback can be expected, the 27% extension level is likely to serve as a support in case the price drops.

See Also
The amount of ETH withdrawn from crypto exchanges attracted attention! What does it mean for Ethereum?

The $ 0.0047 level is an important level for the bulls to claim for themselves, as DOGE acted as a strong resistance when it reached this level in July.

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