Ethereum trades at $3103 today. $ETH is above $3050 support.
Support and Resistance Levels for $ETH
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $2950 | 100 EMA is the 100 day Exponential Moving Average. It is the average price over the last 100 days. It shows market trends over a mid or long term. |
| Support 2 | $2800 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. Lower Bollinger Band is the lower deviation from the 20 day simple moving average. |
| Resistance 1 | $3200 | 50 EMA is the 50 day Exponential Moving Average. It is the average price over the last 50 days. It shows market trends over a short or mid term. |
| Resistance 2 | $3400 | Upper Bollinger Band is the upper deviation from the 20 day simple moving average. |
Frequently Asked Questions about Ethereum
What Ethereum price targets should I consider?
Support at $3050 holds firm. Resistance near $3180 challenges buyers. An extension target of $5755 awaits. Watch for strong breakout signals.
Is Ethereum Bullish?
Stochastic RSI K is 35. This reading is neutral to bearish. Resistance sits at $3180. Bears defend this level. Place stop-loss below $2980 to protect your capital.
How do I set stop-loss levels for Ethereum?
Place stops below $2980 support. This is a critical level. Consider using swing lows as reference points to manage your trade risk.
What are the Ethereum moving averages indicating?
EMA50 is at $3180. EMA100 is at $3050. Ethereum trades at $3124. The price sits between both EMAs, indicating a neutral short-term trend. Compare these values for direction.
Should I buy or sell ETH?
Buyers can enter near $3050 or $2980, as these are strong support levels. Place stops below $2980. Sellers can exit near $3180 or $3250. Take profits at $5755. Manage your risk carefully.
How do Fibonacci levels affect Ethereum price?
The Fibonacci 61.8% level sits at $3331, which is a strong retracement level. The Fibonacci 138.2% extension targets $5755. Watch these levels closely.
What does $ETH momentum show?
Stochastic RSI K reads 35. This value is slightly bearish. Values above 80 mean overbought conditions, and values below 20 mean oversold conditions. Values between 20-80 show neutral momentum. $ETH momentum currently lacks strength.
Conclusion
Ethereum shows weakness below $3050 support. Eyes are on $2980 for breakdown risk. Momentum favors bears, and another sell-off may follow. Stay cautious and protect capital.