This chart shows the 18-day ( ), along with our custom script Moving Average Speed.
The two studies show how ETHUSD can trend higher when it’s above the 18-day . It also struggles once lower prices drag the average lower.
Notice how ETHUSD’s initial bounce on May 26 stalled near the 18-day . Also notice how it’s now turning to challenge that line. A successful break above the average could signal a change in the shorter-term trend.
It’s also interesting that the No. 2 crypto has managed to stabilize above its 100-day ( ), while Bitcoin hasn’t yet reclaimed even its 200-day .
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