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[Ethereum]
With a Death Cross condition between EMA(50) and EMA(200), and despite RSI(14) still being in the Neutral-Bullish level, Ethereum seems likely to continue its bearish bias toward the nearest support level.
Key Levels
1. Resistance. 2 : 3100.96
2. Resistance. 1 : 3021.41
3. Pivot : 2962.08
4. Support. 1 : 2882.53
5. Support. 2 : 2823.20
Tactical Scenario
Pressure Zone: If the price breaks down below 2,962.08, there is potential seller pressure to push Ethereum toward 2,882.53.
Momentum Extension Bias: If 2,882.53 is broken to the downside, Ethereum could test 2,823.20.
Level Invalidation / Bias Revision
The downside bias is restrained if the price stabilizes above the resistance.
Technical Summary
EMA(50) : 2964.18
EMA(200): 3048.32
RSI(14) : 52.32
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - Flash Manufacturing PMI - 21:45 WIB
US - Flash Services PMI - 21:45 WIB
US - Revised UoM Consumer Sentiment - 22:00 WIB
US - Revised UoM Inflation Expectations - 22:00 WIB
US - CB Leading Index m/m - Tentative
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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