Ethereum touched another ATH following positive price movements by most alternative coins last week. Also, crypto-assets such as Chiliz and Chainlink showed bullish tendencies during the same period. However, the past day’s actions had short-term technicals by most assets insinuating depleting bullish momentum.
The leading alternative coin oscillated inside an upward trend within two parallel channels in the last 44 days. Meanwhile, ETH recorded lucrative movements in the past month following upswings for a 33.4% monthly ROI. With that, the dominant alt attained an ATH of $4,868 on November 10.
After that, the 4-hour chart depicted price withdrawal as bears met buying momentum. Meanwhile, ETH secured massive support at the bottom trend-line as ETH joined its trend again. The short-term technical shows a considerable buying momentum decrease in the past 24 hours.
At this publication, Ether traded briefly under the 20-SMA at $4,669. The RSI showed a notable buying momentum drop as it stayed under the midline. However, it appeared to collect strength in the short term.
Moreover, the MACD and Awesome Oscillator neared the zero (0) line by displaying red gestures, resonating with RSI’s reading. Bulls will push for higher support levels in the upcoming days unless Ethereum bears accumulate more strength.
LINK traversed between parallel channels on an uptrend stance since October 12, heading northward. The ETH-based ecosystem saw a whopping 40.8% monthly ROI. That way, LINK touched a 25-week peak on November 10, hitting $38.3 before rebounding to follow its trend.
As LINK holdlers increase steadily, technical showed a massive buying pressure. The coin depicted gesture to ease its bullish momentum. While publishing this article, LINK had its price beyond the immediate support, standing at $35.4.
The Relative Strength Index maintained an upsurge for the last fourteen days while staying beyond the midline. Moreover, the +DI reaffirmed the buying momentum while pointing north. Nevertheless, the Awesome Oscillator displayed red signals, confirming a possible buying power slackening.
CHZ saw an almost 100% upsurge on October 30 after overcoming the immediate support level at $0.3821. That had the asset on its 6-month peak on October 31. After that, CHZ swayed inside a bullish pennant formation.
However, the alt saw a 2.5% drop in the past 24 hours to trade at $0.4988. The short-term technicals confirmed the buying momentum while suggesting possible ease. Meanwhile, the Relative Strength Index favored buying actions but pointed downward after accumulating momentum.
The indicator secured support around the midline since October 29, hinting at massive bullish strength. Also, the MACD support bulls as the Awesome Oscillator showed possible bullish momentum ease in the short term.