ETHEREUM: WEEKLY SCENARIO – 11 February 2022

Technical Analysis

ETHEREUM Price Technical Analysis: Weekly Chart

ETHEREUM Price 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 3,880.49 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: 3,080.20, TARGET:-2,980.20, STOP LOSS:- 3,130.20.

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