Ethereum is quite bearish. It dropped 6% today, and shows little signs of gaining any steam. There are many technical indications of weakness, just be careful to short out of FOMO.
Currently, ethereum is trading at $197.08, well below significant levels at $300, and a fraction of its highs at about $1,400.
We will find resistance from levels from above including the following:
301.14 from highs and lows over the past 14 periods
334.13 from sma 50
624.51 from highs and lows over the past 100 periods
835.06 from highs and lows
Levels from below will provide support, including:
188.31 from highs and lows over the past 14 periods
The technicals for ethereum are as follows. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 21, indicating that we are oversold. A bull pullback or trend reversal can be expected. The MACD is below the signal line, which indicates that we are in bear mode and this may continue. ethereum is below the 50 period SMA by quite a bit, suggesting that we are oversold. Furthermore, We are well below the 100 period SMA, which suggests that we are oversold. And further, the 50 period SMA is below the 100 period SMA. The ADX is at 58, which is strongly bearish.
Currently, ethereum is below the central moving average of the Kovach Reversals Indicator, which sits at about 266.01. However, it is getting closer to the lower bound of this indicator at 196.91, which will provide support
Bull Score: 2 Bear Score: 8 Ranging Score: 0
Currently, ethereum is trading at $197.08, well below significant levels at $300, and a fraction of its highs at about $1,400.
We will find resistance from levels from above including the following:
301.14 from highs and lows over the past 14 periods
334.13 from sma 50
624.51 from highs and lows over the past 100 periods
835.06 from highs and lows
Levels from below will provide support, including:
188.31 from highs and lows over the past 14 periods
The technicals for ethereum are as follows. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 21, indicating that we are oversold. A bull pullback or trend reversal can be expected. The MACD is below the signal line, which indicates that we are in bear mode and this may continue. ethereum is below the 50 period SMA by quite a bit, suggesting that we are oversold. Furthermore, We are well below the 100 period SMA, which suggests that we are oversold. And further, the 50 period SMA is below the 100 period SMA. The ADX is at 58, which is strongly bearish.
Currently, ethereum is below the central moving average of the Kovach Reversals Indicator, which sits at about 266.01. However, it is getting closer to the lower bound of this indicator at 196.91, which will provide support
Bull Score: 2 Bear Score: 8 Ranging Score: 0
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