š This morning $ETH was just below its daily EMA 200. Sunday's close confirmed it decisively: $2,126 versus $2,240 (ā5.1%). It is now trading at $2,146 (ā4.1% in 24 hours).
š Daily context:
ā¢ Bearish trend/range: below the EMA 20 ($2,307), EMA 50 ($2,380), and EMA 200 ($2,240)
ā¢ RSI 32.9: close to oversold territory (on the 4-hour chart, it is already at 23.3)
ā¢ ā5.6% over the last 6 candles; it broke below the previous 20-day low ($2,173) and touched $2,050
ā¢ ATR $101 (4.7%): expected daily range
š Levels:
ā¢ Support: $2,050 (new 20-day low)
ā¢ Resistances: $2,173 (broken support), $2,240 (EMA 200), and $2,307 (EMA 20)
š¢ Bullish scenario: reclaiming $2,173 and closing back above the EMA 200 ($2,240) would invalidate the breakdown.
š“ Bearish scenario: staying below $2,173 leaves $2,050 as the next stop.
š What to watch: funding turns negative (ā0.007%) and open interest is down 3.2%: positions are being closed, typical of liquidated longs. Monday's daily close will show whether the breakdown holds.
Will it reclaim the EMA 200 or head for $2,050? š
#ETH #Ethereum #AnalisisTecnico #Cripto #Tra100d
ā ļø For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your own research and trade with caution.
š Daily context:
ā¢ Bearish trend/range: below the EMA 20 ($2,307), EMA 50 ($2,380), and EMA 200 ($2,240)
ā¢ RSI 32.9: close to oversold territory (on the 4-hour chart, it is already at 23.3)
ā¢ ā5.6% over the last 6 candles; it broke below the previous 20-day low ($2,173) and touched $2,050
ā¢ ATR $101 (4.7%): expected daily range
š Levels:
ā¢ Support: $2,050 (new 20-day low)
ā¢ Resistances: $2,173 (broken support), $2,240 (EMA 200), and $2,307 (EMA 20)
š¢ Bullish scenario: reclaiming $2,173 and closing back above the EMA 200 ($2,240) would invalidate the breakdown.
š“ Bearish scenario: staying below $2,173 leaves $2,050 as the next stop.
š What to watch: funding turns negative (ā0.007%) and open interest is down 3.2%: positions are being closed, typical of liquidated longs. Monday's daily close will show whether the breakdown holds.
Will it reclaim the EMA 200 or head for $2,050? š
#ETH #Ethereum #AnalisisTecnico #Cripto #Tra100d
ā ļø For informational and educational purposes only; this is not financial advice. Cryptocurrencies are volatile: do your own research and trade with caution.
