Price $ETH Ethereum is trading at US$2,358, maintaining a short-term bearish bias as the price has slipped slightly below the 100-day and 50-day EMAs at US$2,361 and US$2,445, respectively, while still holding above support at the 200-day EMA at US$2,316.
đETH has also fallen back below the broken rising trendline benchmark near US$2,360 and remains capped below the horizontal barrier at US$2,400. At the same time, a sluggish RSI around 35 and negative but improving MACD lines indicate weak but stabilizing downward momentum, rather than a decisive bullish reversal.
âOn the downside, the nearest support is essentially around the current price area, supported by the 200-day EMA at US$2,316, with a deeper structural floor visible at the horizontal level around US$1,823.
đ„On the upside, initial resistance lies at the former trendline and short-term pivot near US$2,360, followed by the horizontal barrier at US$2,400; a sustained break above these levels would open the way toward the 50-day EMA at US$2,445 and, further up, the higher resistance zone around US$2,770.
#FedWatch #USMidtermElections $WOD $ROLL
đETH has also fallen back below the broken rising trendline benchmark near US$2,360 and remains capped below the horizontal barrier at US$2,400. At the same time, a sluggish RSI around 35 and negative but improving MACD lines indicate weak but stabilizing downward momentum, rather than a decisive bullish reversal.
âOn the downside, the nearest support is essentially around the current price area, supported by the 200-day EMA at US$2,316, with a deeper structural floor visible at the horizontal level around US$1,823.
đ„On the upside, initial resistance lies at the former trendline and short-term pivot near US$2,360, followed by the horizontal barrier at US$2,400; a sustained break above these levels would open the way toward the 50-day EMA at US$2,445 and, further up, the higher resistance zone around US$2,770.
#FedWatch #USMidtermElections $WOD $ROLL
