WATCH: Ethereum Merge Sell The News Event | ETHUSD September 15, 2022


In this episode of NewsBTC’s Daily Technical Analysis VideosIn this article, we examine the price action of Ethereum after the integration upgrade in both the ETHUSD and ETHBTC trading pairs.

See the video below:

Video: Ethereum (ETHUSD) Price Analysis: September 15, 2022

Overnight last night, the merging ethereum The upgrade has occurred. As many expected, the news sell-off for the cryptocurrency turned out to be in second place and fell more than 10% on the day on the USD pair.

ETHUSD turns bearish after consolidation

On the daily timeframes, things keep looking bad Ethereum and other crypto assets. The stock market is also at risk, adding pressure to the whole situation.

ETHUSD on the daily time frames could form a head and shoulders top, just as the LMACD crosses lower. More downside may be necessary as we hope that the RSI finds support at a lower trendline.

Ethereum sold out sharply after integration update completed | source: ETHUSD on TradingView.com
Remaining Bullish Signal on Ethereum Weekly Charts

Running Ichimoku gives the Ether bulls at least some hope of holding on to recent gains. Finding support in the Ichimoku cloud can lead to renewable energy and retesting of heights. Ichomuku on Ethereum weekly charts is also trying to find support above Tenkan-sen. A little above Tenkan-sen there is a more important line to keep: the middle Bollinger Bands.

Finding support above the middle Bollinger Bands in the past has triggered some of the strongest bullish trends for the altcoin.

ETHUSD is trying to hold above the average Bollinger Bands on the weekly time frames | source: ETHUSD on TradingView.com

Related reading: WATCH: Bitcoin gets brutally treated after August CPI data | BTCUSD 13 Sep 2022

Ether Takes a Multiply by ETHBTC Ratio

The downside in Ethereum may be due to the persistent bearish macro conditions and the strength of the dollar, but Ether dipped even on the BTC trading pair.

Although the ETHUSD pair is hoping to find support at the bottom of… Ichimoku cloudThe BTC pair is trying to establish support above the cloud on the daily and weekly time frames. Over the course of the week, the bottom of the cloud has already been tested and held, which is a bullish sign. However, it appears that the downtrend resistance line has hit again and sent Ether lower against Bitcoin.

Despite the bearish signs on the ETHBTC pair, the video conclusion provides a long-term bullish look that you should see for the full picture.

Was downtrend resistance able to stop Ethereum again? | source: ETHBTC on TradingView.com

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Featured image from iStockPhoto, charts from TradingView.com



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