Ethereum (ETHUSD) Technical Analysis: The rise of Ethereum

American session, date: 7/11/2024

Introduction and overview

In this technical analysis, we will study the performance of Ethereum by reviewing the main price trends, important technical levels, and current trading patterns. We will use a set of technical tools and indicators to provide a comprehensive and in-depth view of Ethereum’s market movement. Ethereum is currently trading at $3147 per ounce. Prices are trading above most moving average intersections, to. The MACD indicator shows a positive trend

Ethereum (ETHUSD) Technical Analysis

Trading strategies based on Buy/Sell levels

ETHUSD In case of buying           in case of selling
Entry point 3179 3050
Target Point 1 (TP1) First resistance: 3239 First support: 3014
Target Point 2 (TP2) Second resistance: 3289 Second support: 2984
Stop Loss (SL) 3050 3179



These strategies are based on determining the price’s location relative to support and resistance levels, and suggest the best ways to profit from price movements based on these indicators. Traders should carefully monitor these levels to identify optimal opportunities to enter and exit the market, while adhering to appropriate risk management strategies to protect their investments.

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