$ETH is above the significant support level of $4550. Discover the next targets.
What are the support and resistance levels for $ETH?
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $4550 | 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 | $4400 | 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 | $4600 | 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 $4550. Resistance near $4600. Extension target $6071.
Should I sell Ethereum to take profits or wait?
Stochastic RSI is 25. Resistance sits at $4600. Place stop-loss below $4550.
How do I set stop-loss levels for Ethereum?
Place stops below $4550 support. Consider using swing lows as reference points.
What are the Ethereum moving averages indicating?
EMA50 is at $4600. EMA100 is at $4550. Ethereum trades at $4570. Compare these values to determine trend direction.
What should a buyer or seller do?
Buyers can enter near $4550 or $4400. Place stops below $4400. Sellers can exit near $4600 or $4700. Take profits at $6071. Manage your risk carefully.
How do Fibonacci levels affect Ethereum price?
Fibonacci 61.8% level sits at $2820. Fibonacci 138.2% extension targets $6071.
What does $ETH momentum show?
Stochastic RSI K reads 25. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And values between 20-80 show neutral momentum.
Conclusion
Ethereum shows weakness below $4550 support. Eyes on $4400 for breakdown risk. Momentum favors bears. Another sell-off may follow. Stay cautious, protect capital.
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