Cryptocurrency: ETHEREUM Price Chart, Analysis and Trading Signals

Cryptocurrency: ETHEREUM Price Chart, Analysis and Trading Signals

Ethereum (ETH) Technical Analysis

ETHEREUM Technical Analysis: Weekly Chart

ETHEREUM Price 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

ETHEREUM Price 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:

TRADE SUGGESTION: SELL AT 1906, TAKE PROFIT AT 1330, AND STOP-LOSS AT 2254

About Author

Related posts

Leave a Reply