ethusd buy
Here’s a bullish technical analysis for ETH/USD on the H4 timeframe:
Technical Indicators
Trendline Support: ETH/USD is currently respecting a rising trendline, indicating strong support and potential for further upward movement1.
Fibonacci Retracement: The pair has retraced to the 38.2% Fibonacci level, which often acts as a strong support zone in an uptrend1.
Bullish Divergence: The RSI is showing bullish divergence, suggesting that the bearish momentum is weakening and a reversal to the upside could be imminent2.
Key Levels
Resistance: 2000
Pivot: 1900
Support: 18001
Moving Averages
The 50-period EMA is currently below the 200-period EMA, but the gap is narrowing, indicating a potential bullish crossover2.
RSI
The RSI is approaching the 50 level from below, which could signal a shift in momentum if it crosses above
Technical Indicators
Trendline Support: ETH/USD is currently respecting a rising trendline, indicating strong support and potential for further upward movement1.
Fibonacci Retracement: The pair has retraced to the 38.2% Fibonacci level, which often acts as a strong support zone in an uptrend1.
Bullish Divergence: The RSI is showing bullish divergence, suggesting that the bearish momentum is weakening and a reversal to the upside could be imminent2.
Key Levels
Resistance: 2000
Pivot: 1900
Support: 18001
Moving Averages
The 50-period EMA is currently below the 200-period EMA, but the gap is narrowing, indicating a potential bullish crossover2.
RSI
The RSI is approaching the 50 level from below, which could signal a shift in momentum if it crosses above
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