ETH yesterday gave a long position entry suggestion around 3207, and the second take-profit target of around 3258 was perfectly reached. The maximum price difference is about 50 dollars. Yesterday, a long-tailed candle was formed and retreated to around 3190, while the highest level reached around 3330. The closing occurred below the MA30 average line, and the support level is currently around MA200. The resistance level can be observed around MA30. MACD Shorts are increasing, and a death cross is forming. On the four-hour chart, the resistance level is around MA7. If a breakout occurs, an uptrend towards MA200 can be observed. MACD long positions are decreasing, and signs of a death cross formation are showing. In the short term, a long position entry can be made around 3160-3116. The rebound target could be around 3200.
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ETH yesterday gave a long position entry suggestion around 3207, and the second take-profit target of around 3258 was perfectly reached. The maximum price difference is about 50 dollars. Yesterday, a long-tailed candle was formed and retreated to around 3190, while the highest level reached around 3330. The closing occurred below the MA30 average line, and the support level is currently around MA200. The resistance level can be observed around MA30. MACD Shorts are increasing, and a death cross is forming. On the four-hour chart, the resistance level is around MA7. If a breakout occurs, an uptrend towards MA200 can be observed. MACD long positions are decreasing, and signs of a death cross formation are showing. In the short term, a long position entry can be made around 3160-3116. The rebound target could be around 3200.