$ETH

#ETH #crypto #TrendingTopic #USJobsData #VolatileCrypto

According to one technical-summary source: On the daily timeframe, the signal is “Strong Sell”.

On moving averages: Shorter MA lines (MA5, MA10, MA20) are giving Buy signals, while longer ones (MA100, MA200) are in Sell.

RSI (14) is ~62, StochRSI is nearing overbought.

From an analysis article: ETH is trading “inside a critical multi-month demand block” and approaching a “decision point” where either a rebound or deeper decline may happen.

Resistance areas: Around US $3,000+ and much higher near previous highs (for example ~US $4,900).

Support zones: Article suggests lower demand zones maybe ~US $2,500 or possibly lower if momentum fails.