What are the support and resistance levels for $ETH?
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $4050 | 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 | $3800 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. The lower Bollinger Band is the lower deviation from the 20-day simple moving average. |
| Resistance 1 | $4450 | 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 | $4700 | Upper Bollinger Band is the upper deviation from the 20-day simple moving average. |
FAQ
What price targets should I consider for Ethereum $ETH?
Support at $4050. Resistance near $4450. Extension target $6071.
Should I sell Ethereum to take profits or wait?
Stochastic RSI is 85. Resistance sits at $4450. Place stop-loss below $4050.
How do I set stop-loss levels for Ethereum?
Place stops below $4050 support. Consider using swing lows as reference points.
What are the Ethereum moving averages indicating?
EMA50 is at $4450. EMA100 is at $4050. Ethereum trades at $4399. Compare these values to determine trend direction.
What should a buyer or seller do?
Buyers can enter near $4050 or $3800. Look for strong bounces. Place stops below $3800. Sellers can exit near $4450 or $4700. Take profits at $6071. Manage your risk carefully.
How do Fibonacci levels affect the Ethereum price?
Fibonacci 61.8% level sits at $2820. Fibonacci 138.2% extension targets $6071.
What does $ETH momentum show?
Stochastic RSI K reads 85. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And values between 20-80 show neutral momentum.
Conclusion
Ethereum trades above $4050 support. It faces resistance near $4450. Stochastic RSI shows overbought conditions. A pullback is possible soon. Watch for volume on breakouts. Stay cautious, protect capital. This is a critical moment. Price could move either way. Manage your trades wisely.