ETHUSD SEEMS TO RETEST SUPPORT LEVEL OF 3,500.00
The ETHUSD has hit some resistance at around 3,850.00 this week. But it's since pulled back from that level, which might be a sign of a cooling trend. That's backed up by the RSI going bearish.
Right now, the price is below the 50 SMA on the 1-hour chart, indicating a mid-term downtrend.
We could see the price find some support at 3500.00 or so. Additionally the SMA 200 lays nearby, providing extra support here.
The ETHUSD has hit some resistance at around 3,850.00 this week. But it's since pulled back from that level, which might be a sign of a cooling trend. That's backed up by the RSI going bearish.
Right now, the price is below the 50 SMA on the 1-hour chart, indicating a mid-term downtrend.
We could see the price find some support at 3500.00 or so. Additionally the SMA 200 lays nearby, providing extra support here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Telegram Channel: t.me/forextradersliveofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.