Ethereum Technical Analysis, Trade Ideas and 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 1640 and the resistance level is at 3455.

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 below its previous 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 1685 and the resistance level is at 2090.

ETHEREUM is trading outside and below its previous downward 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 1525, TAKE PROFIT AT 860, AND STOP-LOSS AT 1930

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