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 downtrend eased at $1,755, a critical support that might hold the crypto from losing more value, at least for a short while. As of this writing, ETH/USD trades at approximately $1,854, testing the immediate resistance.
Additionally, the 4-hour chart formed a double bottom pattern, meaning Ethereum’s price has the potential to rise and test upper resistance levels. However, for the current uptick in momentum to extend, bulls must close and stabilize the price above $1,860.
In this scenario, the next bullish target could be $1,950, backed by the 50-period simple moving average.
Bearish Scenario
The immediate support rests at $1,755. If ETH falls below this level, the downtrend will be triggered. If this scenario unfolds, the next bearish target could be the $1,700 area, followed by $1,600.
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.
Ethereum Support and Resistance Levels
| Support | 1,755 | 1,700 | 1,600 |
| Resistance | 1,860 | 1,950 | 2,100 |
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