Ethereum, EOS, VeChain Price Analysis – Dec 21

Bitcoin The price was pushed to the $ 45.7 area in a quest for liquidity once again, and has found buyers in the last few hours and was trading at $ 48.6 at press time. Altcoins reacted favorably to the BTC bounce. Ethereum traded above the $ 4,000 mark one more time, While EOS broke the trend line resistance of the previous month. VeChain it also posted gains of around 5% from yesterday’s lows.

Ethereum [ETH]

ETH visited the $ 3800 area (cyan box) where the supply was strong and along with a BTC bounce, ETH was also able to rally towards $ 4000 in the last few hours.

The Fixed Range Volume Profile for the month of December showed the Check Point (red) at $ 4,035, where ETH was trading at the time of writing. The $ 4000- $ 4100 is an area that could come under heavy selling pressure.

ETH also broke through a downtrend line resistance from early December, and the RSI showed bullish momentum behind ETH on the 2-hour chart. The Fibonacci retracement The levels plotted showed the 38.2% level at $ 4077.

An hourly or 4-hour candle close above $ 4100 with high volume would indicate bullish force.


Fountain: EOS / USDT in TradingView

EOS had compressed into a triangle pattern in recent days and finally saw a breakout in the last few hours. There is still an area of ​​resistance at the $ 3.4- $ 3.5 area, as sellers had aggressively intervened in this zone in recent days.

The CMF indicator it rose above +0.05 to show the flow of capital into the market, an indication of buying strength. The Awesome oscillator it also rose above the zero line on the hourly chart to show bullish momentum.

The false breakout to the downside in the past hours (below the lower trend line, bounce off the $ 3.12 support) followed by a strong move up on the lower time frame, is a sign of strength. bullish. However, it is not yet clear if this will translate into a higher time frame move, as the $ 3.5 resistance is still holding strong.

VeChain [VET]

Ethereum, EOS, VeChain Price Analysis - Dec 21

Fountain: VET / USDT in TradingView

Using two sets of Fibonacci retracement levels, plotted at the same low of $ 0.07, some areas of confluence are seen between the two sets of retracements. These are areas of strong resistance, at $ 0.097, $ 0.114 and $ 0.142.

While the OBV seemed to break out of a triangle pattern, the price itself had yet to rise above the trend line (blue) resistance of the last two weeks. There is also further resistance on the time frame at the $ 0.082- $ 0.086 area.

VET would need to regain this area as demand, and a retest of $ 0.085 can be used to enter long positions.

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Ethereum, EOS, VeChain Price Analysis – Dec 21

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