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.