$ETH Ethereum is trading below $2,000 on Monday, maintaining a bearish bias, but found support at Thursday's low of $1,967 on the 4-hour candlestick chart. ETH price remains under the 50-period EMA at $2,043 and the 100 and 200-period EMAs at $2,093 and $2,148 respectively.
This major altcoin is also trading below a descending trendline resistance currently around $2,049, reinforcing the limited sentiment. Heavy momentum, with the RSI at 38 still below the midpoint on the 4-hour chart, while the MACD crosses below the signal line into negative territory, indicating weak bullish conviction.
🔥Direct support for ETH below $1,967 is at the Pivot Point S1 and S2 at $1,935 and $1,863 respectively.
On the upside, initial resistance is at the 50-period EMA at $2,043, close to the descending trendline barrier around $2,049.
#KelpDAOHackTornadoCash220M #EthereumStakingRatioRecordHigh $LISTA $WET
This major altcoin is also trading below a descending trendline resistance currently around $2,049, reinforcing the limited sentiment. Heavy momentum, with the RSI at 38 still below the midpoint on the 4-hour chart, while the MACD crosses below the signal line into negative territory, indicating weak bullish conviction.
🔥Direct support for ETH below $1,967 is at the Pivot Point S1 and S2 at $1,935 and $1,863 respectively.
On the upside, initial resistance is at the 50-period EMA at $2,043, close to the descending trendline barrier around $2,049.
#KelpDAOHackTornadoCash220M #EthereumStakingRatioRecordHigh $LISTA $WET