Coinidol.com: Ethereum Battles and Maintains Its Range Above $2,200

Ethereum’s price has risen above its lower range but remains confined between the moving average lines.

The largest altcoin continues to trade within a range between the $2,200 support level and the $2,500 high. Currently, price movement is restricted by the 50-day SMA as support and the 21-day SMA as resistance.

Resistance Levels: $4,500 and $5,000

Support levels: $3,000 and $2,500

Since April 19, buyers have been defending the $2,200 level. However, the largest cryptocurrency will trend only if buyers push the price above the moving average lines or fail to defend the $2,200 support.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.