Cryptocurrency: ETHEREUM Price Chart, Analysis and Trading Signals

Cryptocurrency: ETHEREUM Price Chart, Analysis and Trading Signals

Cryptocurrency Technical Analysis

ETHEREUM Technical Analysis: Weekly Chart

ETHEREUM Price Chart

In the weekly charts, ETHEREUM is trading in a symmetrical triangle.

It is trading below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is at 2740 and the resistance level is at 3250.

ETHEREUM is trading in a symmetrical triangle until there is a breakout or a breakdown.

ETHEREUM Technical Analysis: Daily Chart

ETHEREUM Price Chart

In the daily charts, ETHEREUM is trading in a downward channel.

It is trading above MA (5) and MA (50) but below MA (20).

The immediate support is at 2960 and the resistance level is at 3110.

ETHEREUM is trading in a downward channel until there is a trend reversal.

How to trade ETHEREUM this week:

ETHEREUM is trading in a symmetrical triangle until there is a breakout or a breakdown. If the price breakdown further, the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 2862, TAKE PROFIT AT 2426 AND STOP LOSS AT 3260

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