11.9 ETH Market Analysis
Ethereum has fallen sharply and is not recovering as quickly as Bitcoin.
The monthly chart is also bearish. On the weekly chart, the MACD has shown a death cross for two consecutive weeks.
On the 3-day and 5-day charts, prices have fallen for consecutive days on low volume. On the 2-day chart, price has broken below support.
A rebound and divergence on the 12/8-hour charts (no clear pattern on the 2–6-hour charts; for short-term trading, wait for the 15/30-minute charts to form a bottom and show a pattern).
Intraday resistance: 2150 2177 2205
Intraday support: 2112 2085 2056
$ETH
Ethereum has fallen sharply and is not recovering as quickly as Bitcoin.
The monthly chart is also bearish. On the weekly chart, the MACD has shown a death cross for two consecutive weeks.
On the 3-day and 5-day charts, prices have fallen for consecutive days on low volume. On the 2-day chart, price has broken below support.
A rebound and divergence on the 12/8-hour charts (no clear pattern on the 2–6-hour charts; for short-term trading, wait for the 15/30-minute charts to form a bottom and show a pattern).
Intraday resistance: 2150 2177 2205
Intraday support: 2112 2085 2056
$ETH
