Ethereum (ETH) Technical Analysis and How To Trade Ethereum

Ethereum (ETH) Technical Analysis and How To Trade Ethereum

Ethereum Technical Analysis

ETHEREUM Technical Analysis: Weekly Chart

Ethereum Technical Analysis

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 trading below zero which indicates bearishness.

The immediate support is at 875 and the resistance level is at 1800

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

ETHEREUM Technical Analysis: Daily Chart

Ethereum Technical Analysis

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

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is trading below zero which indicates bearishness.

The immediate support is at 950 and the resistance level is at 1360

ETHEREUM is trading in an upward 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 780, TAKE PROFIT AT 290, AND STOP-LOSS AT 1235

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