. Ethereum (ETH) Technical Analysis, Price Forecast and Trade Signals

Ethereum (ETH) Technical Analysis, Price Forecast and Trade Signals

Ethereum (ETH) Technical Analysis, Price Forecast and Trade Signals

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 currently trading below zero which indicates bearishness.

The immediate support is at 775 and the resistance level is at 1500

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 currently trading below zero which indicates bearishness.

The immediate support is at 865 and the resistance level is at 1205

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 715, TAKE PROFIT AT 260, AND STOP-LOSS AT 1045

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