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Is ETH Buy For $2800 levels? Ethereum Next Target Revealed
Ethereum has taken more beating than BTC and is now trading near to 1 year low levels. Can it go further down or should buying start at this level?
In this article, we will try to find ETH next target by using eth chart and eth technical indicators.
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Ethereum Next Target- Price: $2,180.41
- 24-Hour Price Change: -$2.90 (-0.13%)
- Intraday High: $2,247.86
- Intraday Low: $2,102.85
Price is in a Downtrend, trading in a Channel Down pattern, which typically resolves in a bullish breakout. We wait for such breakout, which could signal at least a temporary trend reversal.
Meanwhile, price has bounced off of $1,900 horizontal support and Channel support trendline and could revisit $2,400 level near-term.
Buy Now Technical Indicators- Relative Strength Index (RSI) (14): 60.588 (Buy)
- Moving Average Convergence Divergence (MACD) (12,26): 27.41 (Buy)
- Average Directional Index (ADX) (14): 52.063 (Buy)
- Williams %R: -37.428 (Buy)
- Commodity Channel Index (CCI) (14): 36.3205 (Neutral)
- Ultimate Oscillator: 46.318 (Sell)
- Overall Sentiment: Bearish
- Fear & Greed Index: Extreme Fear
- Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
- Momentum is Bearish but inflecting. .
- Support and Resistance: Nearest Support Zone is $2,150.00, then $1,900.00. Nearest Resistance Zone is $2,400.00, then $2,800.00.
- US Establishes Strategic Bitcoin Reserve: President Donald Trump signed an executive order to create a US strategic bitcoin reserve, comprising assets forfeited to law enforcement.
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