Ether daily chart yesterday dropped from a high of around 2650 to a low of around 2505, closing at approximately 2530. The support level below is around 2450, and if broken, we could see even MA30. Buying can occur near the bounce. The resistance level above is near the MA7 Moving Averages, and if broken, we could see even MA200. Selling can be done near the bounce. MACD short positions are increasing. The support in the four-hour chart below is around 2475, and if broken, we could see even 2435. Buying can occur near the bounce. The resistance level above is near MA120, and if broken, we could see even MA30. MACD short positions are increasing. A death cross is forming.
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Ether daily chart yesterday dropped from a high of around 2650 to a low of around 2505, closing at approximately 2530. The support level below is around 2450, and if broken, we could see even MA30. Buying can occur near the bounce. The resistance level above is near the MA7 Moving Averages, and if broken, we could see even MA200. Selling can be done near the bounce. MACD short positions are increasing. The support in the four-hour chart below is around 2475, and if broken, we could see even 2435. Buying can occur near the bounce. The resistance level above is near MA120, and if broken, we could see even MA30. MACD short positions are increasing. A death cross is forming.