This Ethereum analysis reviews the cryptocurrency from technical aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the Ethereum price changes.
Ethereum Analysis & Live Chart
Ethereum Technical Analysis
FenzoFx—Ethereum is testing last week’s low at 2,330 in today’s trading session. On Sunday, price action formed a bullish candlestick pattern after the price tested the aforementioned support area.
As of this writing, Ethereum trades at approximately 2,400, showing recovery in the London trading session.
The trend outlook remains bullish as long as the price holds above the 2,330 demand zone. In this scenario, ETH can potentially target 2,588. However, the bullish move could emerge during the New York trading session.
The Bearish Scenario
The bullish outlook should be invalidated if ETHUSD falls below 2,330. If this scenario unfolds, the downtrend will likely resume, targeting 2,200.
Ethereum Trends Through Technical Indicators
The widget below calculates ETH/USD market trends using multiple indicators, such as moving averages and oscillators. It allows you to review market trends across various time frames easily.
The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.
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