. Latest Ethereum Technical Analysis With Price Forecast - 09 December 2022

Latest Ethereum Technical Analysis With Price Forecast

09 Dec 2022

ETHEREUM Technical Analysis: Weekly Chart

In the weekly charts, Ethereum is trading in a down channel. Ethereum is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1250.00 the resistance level is at 1440.00

Ethereum will trade in a down channel until there is a trend reversal.

ETHEREUM Technical Analysis: Daily Chart

In the daily charts, Ethereum is trading in a down channel. Ethereum is currently trading below all SMA except MA (5).

RSI is in the neutral zone which indicates neutralness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1250.00 the resistance level is at 1350.00

Ethereum will trade in a down channel until there is a trend reversal.

How to Trade Ethereum this Week:

Ethereum will follow the downtrend until its trend reversal. So, remain bearish on Ethereum.

TRADE SUGGESTION- SELL AT 1279.90, TAKE PROFIT AT 1240.00 AND STOP LOSS AT 1350.00.