Ethereum Technical Analysis & How to Trade Ethereum

Ethereum Technical Analysis

ETHEREUM  Price Technical Analysis: Weekly Chart

In the weekly charts, Ethereum is trading in a downward channel.

Ethereum is near its crucial support of 50-days SMA. If it breaks this support, it will possibly test the 100-days SMA level.

Ethereum will follow a downtrend in the coming weeks.

Ethereum’s crucial resistance level is at 3,188.14 which is near 20 days SMA as of now. There are no signs of a bullish trend.

Bears have their tight grip on  Ethereum.

TRADE SIGNAL- ETHEREUM ,SELL: 3,040.20, TARGET:-2,840.20, STOP LOSS:- 3,140.20.

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