$ETH
ETH 1D Supertrend Turns Red After Nearly 51 Days of Green
Ethereum's daily chart has shown a major change.
The 1D Supertrend (10, 3) stayed green for approximately 51 days before turning red around October 9.
ETH rallied from around $1,900 in August to a high near $2,807 before facing strong selling pressure.
Now, ETH is trading around $2,490, and the Supertrend has turned red at approximately $2,748.
What does this mean?
- The bullish trend has weakened.
- Sellers have gained short-term control.
- The $2,748 Supertrend level may act as resistance.
- I will watch price action and support levels before making any trading decision.
A red Supertrend does not guarantee further downside. I want to see how ETH reacts at important support levels before deciding my next move.
My approach: Follow the chart, manage risk, and never trade on an indicator alone.
#ETH #Ethereum #ETHUSDT #CryptoTrading #TechnicalAnalysis
ETH 1D Supertrend Turns Red After Nearly 51 Days of Green
Ethereum's daily chart has shown a major change.
The 1D Supertrend (10, 3) stayed green for approximately 51 days before turning red around October 9.
ETH rallied from around $1,900 in August to a high near $2,807 before facing strong selling pressure.
Now, ETH is trading around $2,490, and the Supertrend has turned red at approximately $2,748.
What does this mean?
- The bullish trend has weakened.
- Sellers have gained short-term control.
- The $2,748 Supertrend level may act as resistance.
- I will watch price action and support levels before making any trading decision.
A red Supertrend does not guarantee further downside. I want to see how ETH reacts at important support levels before deciding my next move.
My approach: Follow the chart, manage risk, and never trade on an indicator alone.
#ETH #Ethereum #ETHUSDT #CryptoTrading #TechnicalAnalysis