ETHEREUM Technical Analysis: Weekly Chart

In the weekly charts, ETHEREUM is trading above and outside its previous downward channel.

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

The immediate support is 2322 and the resistance level is at 3716.

ETHEREUM is trading outside and above its previous downward channel.

ETHEREUM Technical Analysis: Daily Chart

In the daily charts, ETHEREUM is trading below and outside its previous downward channel.

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

The immediate support is 2804 and the resistance level is at 3256.

ETHEREUM is trading below and outside its previous upward channel.

How to trade ETHEREUM this week:

ETHEREUM is trading above its previous downward channel. However, the following opportunity can be taken if price further moves downward:

TRADE SUGGESTION: SELL AT 2478, TAKE PROFIT AT 1963 AND STOP LOSS AT 2894