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16.04.202615:57 Analisis Forex & Kajian: Trading Signals for ETH/USD on April 16-18, 2026: sell below $2,400 (21 SMA - 4/8 Murray)

Relevance up to 09:00 2026-04-30 UTC--4

Exchange Rates 16.04.2026 analysis

Ethereum (ETH/USD) is trading around $2,340 above the 21-day SMA and showing signs of waning bullish momentum. After three failed attempts to break above the $2,400 level, Ethereum is undergoing a technical correction and could find solid support around $2,300.

If bearish momentum prevails and Ethereum consolidates below the 21 SMA, we could expect it to continue its downtrend and undergo a technical correction until finding support around the lower band of the uptrend channel at $2,220.

A technical rebound around the lower band of the uptrend channel could be seen as an opportunity to open long positions. The price will reach the psychological level of $2,500 around the 4/8 Murray line in the coming days.

Only a decisive break below the bullish trend channel and a consolidation below the 3/8 Murray line—and in turn below the 200 EMA at $2,169—could signal a shift in the ETH/USD trend, potentially entering a bearish phase that could drive prices down toward the 2/8 Murray line at $1,875.

Given that the Eagle indicator is showing overbought signals, we could expect a technical correction toward $2,200 to open long positions. Otherwise, we could look for opportunities to open short positions from current price levels below $2,400.

* Analisis pasaran yang disiarkan di sini adalah bertujuan untuk meningkatkan kesedaran anda, tetapi tidak untuk memberi arahan untuk membuat perdagangan.

Dimitrios Zappas,
Analytical expert of InstaSpot
© 2007-2026
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