Crypto Trading Tips: Ethereum (ETH) Technical Analysis and Trade Signal
17 May 2022
ETHEREUM Technical Analysis: Weekly Chart
In the weekly charts, ETHEREUM is trading in a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 1800 and the resistance level is at 2525.
ETHEREUM is trading in a downward channel until there is a trend reversal.
ETHEREUM Technical Analysis: Daily Chart
In the daily charts, ETHEREUM is trading in a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 1895 and the resistance level is at 2285.
ETHEREUM is trading in a downward channel until there is a trend reversal.
How to trade ETHEREUM this week:
ETHEREUM is trading in a downward channel until there is a trend reversal and the following opportunity can be taken: