ETHEREUM Technical Analysis: Weekly Chart

In the weekly charts, Ethereum is trading in a down channel. Ethereum is currently trading below all SMA.

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

Its immediate support is 1250.00 the resistance level is at 1445.00

Ethereum will trade in a down channel until there is a trend reversal.

ETHEREUM Technical Analysis: Daily Chart

In the daily charts, Ethereum was trading in a down channel. Ethereum is currently trading below all SMA except MA (5).

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

Its immediate support is 1290.00 the resistance level is at 1400.00

Ethereum was traded in a down channel before there is an upside breakout.

How to Trade Ethereum this Week:

Ethereum will follow the downtrend until its trend reversal. So, remain bearish on Ethereum.

TRADE SUGGESTION- SELL AT 1331.90, TAKE PROFIT AT 1290.00 AND STOP LOSS AT 1400.00.