ETHEREUM Technical Analysis & Trading Signals

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.

TRADE SIGNAL-ETHEREUM  SELL: 2,580.20, TARGET:-2,180.20, STOP LOSS:- 2,780.20.