Cryptocurrency: ETHEREUM Price Chart, Analysis and Trading Signals
11 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 2025 and the resistance level is at 2780.
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 2150 and the resistance level is at 2392.
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: