FX.co ★ Technical Analysis of ETH/USD for September 15, 2022

Crypto Industry News:

The Opera Crypto browser, a special version of the popular Opera, has added support for crypto wallets such as MetaMask. All thanks to the Wallet Selector function.

The Norwegian software company behind Opera intends to increase the usability of the Opera Crypto version for the Web3 application.

In January this year. The beta version of Opera Crypto appeared, and the company explained that it wanted to meet the growing interest of users who expect browsers to support the web3. Before Wallet Selector was introduced, the browser only supported the wallet built directly into the application. Now that is changing and it will be possible to pin third-party digital wallets with the latest feature.

Wallet Selector in Opera Crypto will allow you to install extensions to your preferred crypto wallets - primarily to the most popular MetaMask, which is necessary if you use, for example, decentralized exchanges.

The latest feature only extends the capabilities of the Opera Crypto browser. Currently, its users can count on e.g. Crypto Corner, a news hub with news from the world of cryptocurrencies, support for numerous dApp applications (decentralized) and convenient switching between wallets.

The company emphasizes that Opera Crypto allows you to log into the dApp application without installing any extensions, and its own Opera Wallet wallet supports ETH, ERC-20 and ERC-721 tokens, as well as other blockchains.

Technical Market Outlook:

The ETH/USD pair has been seen trying to bounce after the drop to the level of $1,552. The market is still trading inside the ascending channel, so in this situation, the levels of $1,649, $1,689 and $1,722 will now act as the technical resistance for bulls. The next target for bears is seen at the level of $1,513 and $1,473. Please notice, the momentum is very weak and negative and the market conditions are now extremely oversold, so an intraday bounce is expected.

Weekly Pivot Points:

WR3 - $1,875

WR2 - $1,807

WR1 - $1,765

Weekly Pivot - $1,738

WS1 - $1,697

WS2 - $1,670

WS3 - $1,601

Trading Outlook:

The Ethereum market has been seen making lower highs and lower low since the swing high was made in the middle of the August at the level of $2,029. If the down move will extend, then the next target for bears is located at the level of $1,358. The key technical support for bulls is seen at $1,281.9