Ethereum (ETH) Technical Analysis & How to Trade Ethereum

Ethereum (ETH) Technical Analysis & How to Trade Ethereum

Cryptocurrency Technical Analysis

ETHEREUM Technical Analysis: Weekly Chart

How to Trade Ethereum

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

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

The immediate support is at 2752 and the resistance level is at 3320.

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

ETHEREUM Technical Analysis: Daily Chart

How to Trade Ethereum

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

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

The immediate support is at 2836 and the resistance level is at 3116.

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

How to trade ETHEREUM this week:

ETHEREUM is trading in an upward channel until there is a trend reversal. If the trend reverses, the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 2738, TAKE PROFIT AT 2286 AND STOP LOSS AT 3124

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