Ethereum is forming a Falling Wedge Pattern on this 4-H chart. the price is currently very stable and without much volatility due to nervousness in the market and the current risk aversion of the investors. The price moves at $ 435.66 at this time just a little below the central pivot point almost all day, the 100 SMA is moving below the 200 EMA, technically speaking this means that the selloff is more likely to resume than to reverse.However, we see that the RSI indicator as much as the Stochastic are pointing up, so it is possible that there is a new entry of buyers that give a bit of dynamism to the boring market today. The most important support is Pivot S1 at $ 424
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.