Ethereum (ETH) – Cryptocurrency Technical Analysis & Trade Ideas

Ethereum (ETH) – Cryptocurrency Technical Analysis & Trade Ideas

Cryptocurrency Technical Analysis

ETHEREUM Technical Analysis: Weekly Chart

Cryptocurrency Technical Analysis

In the weekly charts, ETHEREUM is trading outside and above the downward channel.

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

The immediate support is 2950 and the resistance level is at 3845.

ETHEREUM is trading outside and above the downward channel.

ETHEREUM Technical Analysis: Daily Chart

Cryptocurrency Technical Analysis

In the daily charts, ETHEREUM is trading in an upward channel.

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

The immediate support is 3395 and the resistance level is at 3655.

ETHEREUM is trading in an upward channel until there is a trend reversal.

How to trade ETHEREUM this week:

ETHEREUM has broken out of its previous downward channel and the following opportunity can be taken:

TRADE SUGGESTION: BUY AT 3850, TAKE PROFIT AT 4320 AND STOP LOSS AT 3400

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