🚨 Quick technical analysis of Ethereum $ETH | 30-minute timeframe 📊
Ethereum $ETH is showing notable positive momentum after bouncing from a low of 2,370.74 ETH and is currently holding near the following support and resistance levels:
🔹 Current price: 2,395.33 ETH
🔹 Nearest support: 2,380.00 - 2,370.00 ETH
🔹 Nearest resistance: 2,400.58 - 2,431.00 ETH
💡 Technical outlook:
The price is trading close to the MA(25) moving average at 2,394.52 ETH and the MA(99) at 2,400.58 ETH. A breakout above and sustained hold over the 2,400 ETH barrier would push the market toward the next target of 2,430 ETH, while holding above 2,370 ETH remains essential for the positive momentum to continue.
Trade cautiously and manage risk strictly! ⚖️
#BinanceSquare #ETH #Ethereum #CryptoAnalysis #Trading
$ETH
Ethereum $ETH is showing notable positive momentum after bouncing from a low of 2,370.74 ETH and is currently holding near the following support and resistance levels:
🔹 Current price: 2,395.33 ETH
🔹 Nearest support: 2,380.00 - 2,370.00 ETH
🔹 Nearest resistance: 2,400.58 - 2,431.00 ETH
💡 Technical outlook:
The price is trading close to the MA(25) moving average at 2,394.52 ETH and the MA(99) at 2,400.58 ETH. A breakout above and sustained hold over the 2,400 ETH barrier would push the market toward the next target of 2,430 ETH, while holding above 2,370 ETH remains essential for the positive momentum to continue.
Trade cautiously and manage risk strictly! ⚖️
#BinanceSquare #ETH #Ethereum #CryptoAnalysis #Trading
$ETH