Ethereum Technical Analysis & Trading Suggestions

Ethereum Technical Analysis

ETHEREUM  Price Technical Analysis: Weekly Chart

Ethereum Technical Analysis
  • 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 3,009.91 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: 2,910.20, TARGET:-2,710.20, STOP LOSS:- 3,010.20.

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