ETHEREUM (ETH) Price Technical Analysis, Forecast and News – CSFX

ETHEREUM (ETH) Price Technical Analysis, Forecast and News – CSFX

Ethereum (ETH) Technical Analysis

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 1665 and the resistance level is at 2530.

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 below its previous 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 1855 and the resistance level is at 2190.

ETHEREUM is trading outside and below its previous 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 1700, TAKE PROFIT AT 1246, AND STOP-LOSS AT 2048

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