ETHEREUM Price Technical Analysis: Weekly Chart
- In the weekly charts, ETHEREUM is trading in a downward channel.
- ETHEREUM is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
- ETHEREUM will follow a downtrend in the coming weeks.
- ETHEREUM’s crucial resistance level is at 3,880.48 which is near 20 days SMA as of now. There are no signs of a bullish trend.
- Bears have their tight grip on ETHEREUM.