ETHEREUM WEEKLY SCENARIO – March 04, 2022

ETHEREUM

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 3,052.80 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: 2,740.20, TARGET:-2,640.20, STOP LOSS:- 2,790.20.

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