According to Coindesk data, Ether (ETH) negotiated at $ 4,506, 0.5% less in the last 24 -hour period, starting at 12:24 UTC on September 16, falling slightly in the last 24 hours while merchants discuss whether this setback will establish the next concentration.
Fundstrat view
Mark Newton, head of the Global Strategy Strategy Strategy Global Advisors, described the decrease as the correction that the market lost last week.
Do not expect Ether to fall below its previous minimum of $ 4,233. On the other hand, it sees possible falls at $ 4,418 or $ 4,375 for the end of the week, levels that call purchase opportunities. Newton Projects Ether could rise to $ 5,500 in mid -October, pointing out the continuous force of the market.
Technical Analysis of COINDESK Research
According to the technical analysis data model of Coindesk Research, Ether lost about 3% during the September 15 negotiation window, falling from a peak of $ 4,619 to around $ 4,500.
The most steep slide occurred between 07:00 and 08:00 UTC, when prices fell sharply from $ 4,632 to $ 4,514. The commercial activity increased during that period, with a volume more than to double the daily average of 194,000 units and the total turnover for the session that reaches 501,741 units.
After touching a minimum of $ 4,471, buyers intervened to stop the decline. That level has served as a short -term “floor”. On the positive side, Ether struggled to go through $ 4,671, which has acted as a “roof.”
Later in the session, between 23:00 UTC of September 15 and 00:00 UTC, on September 16, stabilized prices. Ether rose from $ 4,497 to $ 4,505 and was reduced in a narrow band between $ 4,479 and $ 4,505. The buyer’s interest around $ 4,490– $ 4,495 helped stabilize the market, but the Token could not claim $ 4,530, showing that sellers still had control at higher levels.
In total, the negotiation window covered a range of $ 200 between $ 4,471 and $ 4,671, which underlines greater uncertainty. The data show that the ether begins to stabilize after the strong fall, with the visible demand at lower levels, but a strong resistance that limits short -term profits.
Last 24 -hour 24 -hour analysis
The most recent Coendesk data box, generated at 12:24 UTC on September 16, shows that Ether remains about $ 4,506 after a turbulent day. The Token remains in box between its floor of $ 4,471 and a roof of $ 4,671, with little progress in the highest break. Commerce in the last 12 hours has been inclined towards consolidation, indicating that the market can be waiting for the next catalyst after the strong sale on Monday.
