Ethereum (ETHUSD) Technical Analysis today at 2609 and trading appears in an upward trend with signs of weakness. The digital currency price appears to be trading below most of the Moving Average indicator intersections with weakness in the general trend, and as for the MACD indicator, it indicates weakness in the positive trend. Accordingly, in the case of selling, we will wait for the price to drop to 2587 to target the 2534 area with a stop loss at 2635.
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 support area of 6352. The price may head to the 2690 area.
Ethereum (ETHUSD)Technical Analysis: Resistance and support levels
- Second resistance: 2700
- First resistance: 2650
- Pivot level: 2600
- First support: 2550
- Second support: 2500
