ETHUSD TECHNICAL ANALYSIS: WEEKLY CHART
In the weekly chart, ETH/USD YR. T-BOND is trading in down channel.
ETH/USD is currently trading above 20&50 SMA.
RSI is in buying zone, which shows bullishness. Stochastic is suggesting down trend.
Its immediate support is at 1797.02 & the resistance is at 1923.69
The price of ETH/USD was rising until the trend changed, a bearish engulfing formed at the area of resistance, and the price began sliding. Currently, the price is trading at the support zone; if it breaks, more declines to the downside are expected.
ETHUSD TECHNICAL ANALYSIS: DAILY CHART
In the daily chart, ETH/USD YR. T-BOND is trading in down channel.
ETH/USD is currently trading below all SMA.
RSI is in buying zone, which shows bullishness. Stochastic is suggesting downtrend.
Its immediate support is at 1802.72 & the resistance is at 1855.84
The price of ETH/USD was rising until the trend changed, a bearish engulfing formed at the area of resistance, and the price began sliding. Currently, the price is trading at the support zone; if it breaks, more declines to the downside are expected.