.618 Green Fib Line is resistance. This was drawn from the beginning of Ethereums first parabolic breakout.
MACD is showing a potential bearish convergence in the coming days beneath the 0 line.
RSI is showing stronger bear sentiment as, at the time of publishing, price is equivalent to the giant oversold spike a few days ago but the price is now not showing as oversold.
Also, a bear flag has been created and will eventually drop, thus completing the MACD bear convergence.
On every time frame, the price of ETH is trading beneath the ichimoku clouds.
The only clear line of support for the price of Ethereum is the orange trendline connecting the lows from the beginning of the first parabolic breakout.
MACD is showing a potential bearish convergence in the coming days beneath the 0 line.
RSI is showing stronger bear sentiment as, at the time of publishing, price is equivalent to the giant oversold spike a few days ago but the price is now not showing as oversold.
Also, a bear flag has been created and will eventually drop, thus completing the MACD bear convergence.
On every time frame, the price of ETH is trading beneath the ichimoku clouds.
The only clear line of support for the price of Ethereum is the orange trendline connecting the lows from the beginning of the first parabolic breakout.