Ethereum (ETHUSD) Technical Analysis today at 2498 and shows 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 2468 to target the 2425 area with a stop loss at 2554.
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 2554. The price may head to the 2585 area.
Ethereum (ETHUSD) Technical Analysis: Resistance and support levels
- Second resistance: 2530.93
- First resistance: 2516.56
- Pivot level: 2505.18
- First support: 2479.43
- Second support: 2465.06