What's up guys, welcome to my weekly analysis for ETHUSD Today , so let's get started
Also, as I said for ethereum in the previous analysis, it is facing two downtrends. Which in the last week was able to reach the first decending trendline , but faced resistance and fell at the same time with bitcoin. we also can consider this similar triangle for ETH , which it is being compressed in .
And the possibility of jumping, whether ascending or descending, is possible in both directions.
The exponential average indicator still shows alot of crossovers, and to confirm the uptrend for ETH and Bitcoin, we should see at least a crossover between 14EMA and 20EMA with 50EMA days. in the daily timeframe .
๐resistance level: $4k- $4.2 /// descending trendline
๐pivot zone: $3.17k- $3.37
โ๏ธsupport levels: $2.3 - $2.5///$1.65k- $1.85k/// /// lower trend lines
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๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
Also, as I said for ethereum in the previous analysis, it is facing two downtrends. Which in the last week was able to reach the first decending trendline , but faced resistance and fell at the same time with bitcoin. we also can consider this similar triangle for ETH , which it is being compressed in .
And the possibility of jumping, whether ascending or descending, is possible in both directions.
The exponential average indicator still shows alot of crossovers, and to confirm the uptrend for ETH and Bitcoin, we should see at least a crossover between 14EMA and 20EMA with 50EMA days. in the daily timeframe .
๐resistance level: $4k- $4.2 /// descending trendline
๐pivot zone: $3.17k- $3.37
โ๏ธsupport levels: $2.3 - $2.5///$1.65k- $1.85k/// /// lower trend lines
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me and give a big thumbs ๐ OR drop comment ๐ฏ๐ญ
uptrend='downtrend