ETHEREUM: WEEKLY SCENARIO – 16 February 2022

Technical Analysis

ETHEREUM  Price Technical Analysis: Weekly Chart

ETHEREUM WEEKLY SCENARIO
  • 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 2,825 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: 3,120.20, TARGET:-3,020.20, STOP LOSS:- 3,170.20.

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