Ethereum Buy Signal Emerges as Traders Monitor Critical $2,100 Support Zone
- Buy Signal Emerges: Crypto analyst Ali Martinez identified a TD Sequential buy signal on Ethereum's 12-hour chart, indicating that ETH could be poised for a rebound after several days of sustained selling pressure, currently trading around $2,138, with a rebound becoming more likely if buyers maintain support.
- Weakening Bearish Pressure: Ethereum recently declined from levels above $2,300, dominated by bearish momentum; however, the latest chart structure suggests that the selloff may be losing strength, as the completed TD Sequential '9' count often signals trend exhaustion and potential short-term reversals.
- Critical Support Zone: Traders are closely monitoring whether Ethereum can stabilize above the critical $2,100 support region, as a move below this level could weaken the bullish setup and expose ETH to additional downside pressure, while maintaining above it could provide a foundation for a rebound.
- Resistance Levels Under Observation: Ethereum currently faces resistance near $2,180 and $2,200, with analysts believing that ETH must reclaim the $2,260 region to restore stronger bullish momentum, thereby enhancing market expectations for a rebound as traders remain vigilant.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1787.444 | 1898.372 | 2009.654 | 2120.582 | 2231.864 | 2342.792 | 2454.074 |
| Fibonacci | 1898.372 | 1983.256 | 2035.698 | 2120.582 | 2205.466 | 2257.908 | 2342.792 |
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