Crypto Trading Tips: Ethereum (ETH) Technical Analysis and Trade Signals
03 May 2022
ETHEREUM Technical Analysis: Weekly Chart
In the weekly charts, ETHEREUM is trading within a symmetrical triangle.
It is trading below MA (20) and MA (50) but above MA (100).
RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 2480 and the resistance level is at 3258.
ETHEREUM is trading within a symmetrical triangle until there is a breakout or a breakdown.
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 2652 and the resistance level is at 3168.
ETHEREUM is trading in a downward channel until there is a trend reversal.
How to trade ETHEREUM this week:
ETHEREUM is trading within a symmetrical triangle until there is a breakout or a breakdown. If the price breakdowns, the following opportunity can be taken: