$ETH
Ethereum is currently trading at $2,295, maintaining a short-term bearish bias as it holds below key Exponential Moving Averages (EMAs). If the price attempts a recovery, it faces immediate overhead resistance at the 200-day EMA near $2,313, followed by the 100-day EMA at $2,353, and a broken ascending trendline pivot at $2,385. Higher horizontal and moving average barriers stand at $2,400 and $2,417 respectively, with a major cap further off at $2,770. On the downside, if the current pullback extends, the next critical structural support sits near $1,823, where buyers are expected to step in and defend the broader uptrend. This bearish outlook is supported by technical indicators, as the RSI remains weak at 37 and the MACD is negative, suggesting that any upward bounces will likely trigger selling pressure into nearby resistance.
#ETH320 #Trendingissue #Trendingcoin320 #mr320 #writetoearn320
Ethereum is currently trading at $2,295, maintaining a short-term bearish bias as it holds below key Exponential Moving Averages (EMAs). If the price attempts a recovery, it faces immediate overhead resistance at the 200-day EMA near $2,313, followed by the 100-day EMA at $2,353, and a broken ascending trendline pivot at $2,385. Higher horizontal and moving average barriers stand at $2,400 and $2,417 respectively, with a major cap further off at $2,770. On the downside, if the current pullback extends, the next critical structural support sits near $1,823, where buyers are expected to step in and defend the broader uptrend. This bearish outlook is supported by technical indicators, as the RSI remains weak at 37 and the MACD is negative, suggesting that any upward bounces will likely trigger selling pressure into nearby resistance.
#ETH320 #Trendingissue #Trendingcoin320 #mr320 #writetoearn320
