ETH/USDT — Technical Analysis (1D Chart)
ETH is trading around $3,000 after breaking below its long-term upward trendline, showing a shift in market structure. Price attempted a retest of the broken trendline and the 50-day EMA ($3,415) but failed to reclaim it, forming rejection wicks in the highlighted zone a classic bearish retest.
Key Notes:
Structure: Lower highs and lower lows confirm a bearish continuation.
EMA: Price is trading below the 50-EMA, reinforcing downside pressure.
Resistance Zone: $3,250–$3,450 remains strong supply.
Immediate Bias: Bearish unless price closes above $3,450.
Downside Targets:
$2,750–$2,800 First demand area (marked 1st target zone)
$2,378 Major support
$2,098 Next swing-low support
A short-term relief bounce is possible, but the larger trend favours continuation lower unless ETH regains the broken trendline and EMA with conviction.
ETH is trading around $3,000 after breaking below its long-term upward trendline, showing a shift in market structure. Price attempted a retest of the broken trendline and the 50-day EMA ($3,415) but failed to reclaim it, forming rejection wicks in the highlighted zone a classic bearish retest.
Key Notes:
Structure: Lower highs and lower lows confirm a bearish continuation.
EMA: Price is trading below the 50-EMA, reinforcing downside pressure.
Resistance Zone: $3,250–$3,450 remains strong supply.
Immediate Bias: Bearish unless price closes above $3,450.
Downside Targets:
$2,750–$2,800 First demand area (marked 1st target zone)
$2,378 Major support
$2,098 Next swing-low support
A short-term relief bounce is possible, but the larger trend favours continuation lower unless ETH regains the broken trendline and EMA with conviction.
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Smart trades begin with smart signals. Join us
t.me/NabeelaFatima
Gold, Forex & Crypto
Your edge starts here
t.me/NabeelaFatima
t.me/NabeelaFatima
Gold, Forex & Crypto
Your edge starts here
t.me/NabeelaFatima
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.