Technical Analysis – ETHUSD finds support at 50-day SMA
ETHUSD slides after recording 1-month peak
But the 50-day SMA curbs its retreat
Momentum indicators ease in positive zones
ETHUSD (Ethereum) experienced a strong pullback from its 2024 peak of 4,090, dropping to as low as 3,060. This week, the price recorded a fresh one-month high of 3,410 before reversing lower to find solid support at the 50-day simple moving average (SMA).
Should Ethereum bounce off its 50-day SMA and storm higher, immediate resistance could be found at the one-month peak of 3,730. A violation of that zone could pave the way for the 2024 high of 4,090, which is also a two-year high. Failing to stop there, the price may then challenge the December 2021 resistance of 4,150.
On the flipside, if the price pierces through the 50-day SMA, the 3,410 support region could prove to be the first barrier for the bears to clear. Further declines could then come to a halt around the March-April support of 3,200. Even lower, the March bottom of 3,060 could provide downside protection.
Overall, ETHUSD has been struggling to extend its recent recovery, but the ascending 50-day SMA seems to be capping its downside for now. Hence, the short-term picture will remain bullish for as long as the price holds above this crucial barrier.
相关资产
最新新闻
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
