Ethereum (ETHUSD) Technical Analysis today at 2380 and shows trading in a bearish trend. Where the digital currency price appears to be trading below most of the Moving Average indicators intersections, and as for the MACD indicator, it indicates a negative trend.
Accordingly, in the case of selling, we will wait for the price to drop to 2349 to target the 2311 area with a stop loss at 2429.
Ethereum (ETHUSD) Technical Analysis: On the other hand
On the other hand, in the case of buying, we will wait for the price to rise to the resistance area of 2429. The price may head to the 2456 area.
Ethereum (ETHUSD) Technical Analysis: Resistance and support levels
- Second resistance: 2464.25
- First resistance: 2428.08
- Pivot level: 2410
- First support: 2373.83
- Second support: 2355.75
