ETH/USD Technical Analysis
Current Outlook: The price of Ethereum (ETH/USD) is trading just below the pivot line at $2,374, showing bearish momentum. The current setup suggests that a downtrend is more likely, with the price failing to break above key resistance levels.
Best Scenario: The downtrend scenario appears to be the best, as the price is trending below the pivot level. If ETH fails to reclaim $2,374, it is likely to continue its downward movement toward a support level of around $2,000 and potentially lower. A significant recovery would require stabilization above $2,374, which is currently less likely given the bearish volume.
Key Levels:
Pivot Point: 2374
Resistance Levels: 2505, 2755, 3018
Support Levels: 2001, 2155, 1787
Expected Range Today: The price is expected to fluctuate between $2,374 and $2,001, with a bias toward further downside.
Overall Trend: The overall trend remains bearish, as long as the price stays below the pivot point at $2,374. If the price manages to break above this level, the trend could shift, but for now, downside pressure dominates.
Previous idea:
Current Outlook: The price of Ethereum (ETH/USD) is trading just below the pivot line at $2,374, showing bearish momentum. The current setup suggests that a downtrend is more likely, with the price failing to break above key resistance levels.
Best Scenario: The downtrend scenario appears to be the best, as the price is trending below the pivot level. If ETH fails to reclaim $2,374, it is likely to continue its downward movement toward a support level of around $2,000 and potentially lower. A significant recovery would require stabilization above $2,374, which is currently less likely given the bearish volume.
Key Levels:
Pivot Point: 2374
Resistance Levels: 2505, 2755, 3018
Support Levels: 2001, 2155, 1787
Expected Range Today: The price is expected to fluctuate between $2,374 and $2,001, with a bias toward further downside.
Overall Trend: The overall trend remains bearish, as long as the price stays below the pivot point at $2,374. If the price manages to break above this level, the trend could shift, but for now, downside pressure dominates.
Previous idea:
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.