Traders are closely monitoring this move. Look for clear signals in the chart. Please read to the end. Find your hidden target price. Most traders miss them.
Ethereum is trading at $3531 today. $ETH is above the support at $3221. This is a serious level. Discover the next target.
What are the support and resistance levels for $ETH?
| level | Price (USD) | explanation |
|---|---|---|
| support 1 | $3250 | The 100 EMA is a 100-day exponential moving average. Average price over the past 100 days. Indicates medium- to long-term market trends. |
| support 2 | 3000 dollars | Bollinger bands are volatility bands. Expand and contract based on market volatility. The lower bound of the Bollinger Band indicates a low deviation from the 20-day simple moving average. |
| resistance 1 | $3600 | The 50 EMA is a 50-day exponential moving average. Average price over the past 50 days. Indicates short-term or medium-term market trends. |
| resistance 2 | $3850 | The Upper Bollinger Band is the upper deviation from the 20-day simple moving average. |
FAQ
What Ethereum price targets should I consider?
Support at $3,250 remains. Resistance near $3600. The extension target is $5,823. Buyers are paying attention to this target.
Is Ethereum bullish?
Stochastic RSI is 15. This suggests an oversold situation. Momentum favors the bears. Resistance lies at $3,600. Set your stop loss below $3200.
How do I set a stop loss level for Ethereum?
Place a stop below the $3200 support. Consider using your swing low as a reference point.
What do Ethereum’s moving averages indicate?
EMA50 is $3600. EMA100 is $3250. Ethereum is trading at $3531. Price is between these EMAs. Compare these values to determine the direction of the trend.
Should you buy or sell ETH?
Buyers could enter near $3,250 or $3,221. Places stop below $3200. Sellers could close out around $3,600 or $3,850. Profit taken at $5823. Manage your risks carefully.
How do Fibonacci levels affect Ethereum price?
The Fibonacci 61.8% level is located at $3221. The target for the Fibonacci 138.2% extension is $5,823.
What does $ETH’s momentum indicate?
Stochastic RSI K reading is 15. This indicates an oversold situation. Values above 80 mean overbought. Values below 20 mean oversold. Also, values between 20 and 80 indicate neutral momentum.
conclusion
Ethereum is showing weakness below the support at $3,221. Focus on the failure risk of $3,200. Momentum favors the bears. Further declines are likely. Be prudent and protect your capital.
Disclaimer
The information discussed on Altcoin Buzz does not constitute financial advice. This is for educational, entertainment, and informational purposes only. All information and strategies presented are thoughts. These are the opinions of the authors/reviewers. Their risk tolerance may be different than yours. We are not responsible for any losses you may incur. Losses are directly or indirectly related to any investment. Ethereum and other cryptocurrencies are high-risk investments. Please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
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