Will $ETH break out or drop hard? Traders are watching this move closely. Look for clear signals in the chart. Read to the end. You’ll find hidden price targets most traders miss.
Ethereum trades at $3550 today. $ETH is above the significant support level of $3250. Discover the next targets.
What are the support and resistance levels for $ETH?
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $3250 | 100 EMA is the 100-day Exponential Moving Average. It is the average price over the last 100 days. It shows market trends over a mid or long term. |
| Support 2 | $3100 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. The lower Bollinger Band is the lower deviation from the 20-day simple moving average. |
| Resistance 1 | $3600 | 50 EMA is the 50-day Exponential Moving Average. It is the average price over the last 50 days. It shows market trends over a short or mid-term. |
| Resistance 2 | $3750 | Upper Bollinger Band is the upper deviation from the 20-day simple moving average. |
FAQ
What Ethereum price targets should I consider?
Support at $3250. Resistance near $3600. Extension target $5823.
Is Ethereum Bullish?
Stochastic RSI is 45. Resistance sits at $3600. Place stop-loss below $3100.
How do I set stop-loss levels for Ethereum?
Place stops below $3100 support. Consider using swing lows as reference points.
What are the Ethereum moving averages indicating?
EMA50 is at $3600. EMA100 is at $3250. Ethereum trades at $3550. Compare these values to determine trend direction.
Should I buy or sell ETH?
Buyers can enter near $3250 or $3100. Place stops below $3100. Sellers can exit near $3600 or $3750. Take profits at $5823. Manage your risk carefully.
How do Fibonacci levels affect the Ethereum price?
Fibonacci 61.8% level sits at $3221. Fibonacci 138.2% extension targets $5823.
What does $ETH momentum show?
Stochastic RSI K reads 45. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And values between 20-80 show neutral momentum.
Conclusion
Ethereum shows weakness below $3250 support. Eyes on $3100 for breakdown risk. Momentum favors bears. Another sell-off may follow. Stay cautious, protect capital.
Disclaimer
The information from Altcoin Buzz is not financial advice. This is for education only. It is for entertainment and information. The writer’s opinions are presented here. Their risk tolerance may differ from yours. We are not responsible for losses. Losses may be incurred from investments. These relate directly or indirectly to this information. Ethereum is a high-risk investment. Other cryptocurrencies are too. Please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.
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