ETHUSD BEARISH PATTERN STILL VALID
Ethereum continues to consolidate towards the lower end of its recent after the second largest crypto by market capitalisation was sold from the $290.00 level. A bearish head and shoulder pattern is visible with a downside projection of around $60.00.
The MACD indicator across the four-hour time frame also failed to gain bullish momentum so far this week.
The ETHUSD pair is bearish while trading below the $300.00 level, key technical support is located at the $250.00 and $240.00 levels.
If the ETHUSD pair moves above the $300.00 level, price may advance towards the $320.00 and $351.00 resistance levels.
The MACD indicator across the four-hour time frame also failed to gain bullish momentum so far this week.
The ETHUSD pair is bearish while trading below the $300.00 level, key technical support is located at the $250.00 and $240.00 levels.
If the ETHUSD pair moves above the $300.00 level, price may advance towards the $320.00 and $351.00 resistance levels.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.