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Thread: Ethereum ETH/USD Analysis

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    Default Ethereum ETH/USD Analysis

    Ethereum price hovers around the bearish channel’s resistance that appears on the chart, noticing that the EMA50 forms negative pressure to protect the continuation of trading inside this channel, which keeps our bearish overview valid for the upcoming period, noting that our next target is located at 465.00.



    Surpassing the mentioned target will extend the bearish wave to reach 310.00, while holding below 565.54 represents initial condition to continue the expected decline.



    Expected trading range for today is between 450.00 support and 565.00 resistance

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    Default

    Ethereum price keeps its stability below the bearish channel’s resistance, to keep the bearish trend scenario active until now, supported by the negative pressure formed by the EMA50, waiting to head towards 310.00 as a next main station, while the expected decline will remain valid unless breaching 565.54 level and holding above it.



    Expected trading range for today is between 400.00 support and 470.00 resistance

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    Default

    Ethereum price resumed its negative trading strongly after surpassing 400.00 barrier, to approach our main waited target at 310.00, reinforcing the expectations of continuing the bearish trend in the upcoming period, which is organized inside the bearish channel that appears on the chart.



    The EMA50 keeps supporting the suggested bearish wave, which its continuation conditions holding below 445.00 and the most important below 565.54.



    Expected trading range for today is between 310.00 support and 400.00 resistance

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    Default



    Ethereum continues to be under pressure. The bulls have failed to even pull back to the 20-day EMA since March 05, which shows complete dominance by the bears. This has resulted in the RSI plunging deep into the oversold territory.

    The ETH/USD pair is currently at the strong support zone of $355 to $385. If this support breaks, the next support zone is between $275 and $300.

    As the RSI is oversold, we expect a relief rally that can reach the downtrend line. Once above this, a move to the 20-day EMA is possible.

    We should watch for a couple of days before suggesting any long-term positions.

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    Default

    Ethereum price keeps declining within the bearish channel that appears in the above chart, and the price is under continuous negative pressure that comes from the EMA50, to support the chances for heading to our main waited target at 310.00.



    Stochastic shows overbought signal to support the expected decline, being aware that breaching 423.00 will push the price to achieve some intraday gains and testing 565.54 level before any new attempt to decline.



    Expected trading range for today is between 310.00 support and 423.00 resistance

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    Default

    Ethereum price provided calm positive trades yesterday to move above the bearish channel’s resistance, but we notice that the EMA50 forms negative pressure against the price, to stop the price’s positive attempts, accompanied by witnessing clear overbought signals through stochastic.



    Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions conditioned by the price stability below 420.00, reminding you that our next main station reaches 310.00.



    Expected trading range for today is between 310.00 support and 440.00 resistance

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    Default

    Ethereum price provides positive trading and attempts to breach the sideways range resistance that appears on the chart, and if it succeeded to breach, the price might turn to rise on the intraday basis to visit 565.54 areas before any new attempt to decline.



    Until now, we will keep our bearish overview unless the price confirmed breaching 420.00 level, noting that our main waited target is located at 310.00.



    Expected trading range for today is between 310.00 support and 420.00 resistance

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    Default

    Ethereum price provides calm positive trading to continue approaching our waited target at 565.54, noting that this level represents key resistance to the short term trades, as breaching it will extend the price gains to reach 600.00 as a next station, while its stability represents negative factor that will push the price to resume the bearish trend again.



    In general, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 465.00 level and holding below it.



    Expected trading range for today is between 465.00 support and 565.00 resistance

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    Default

    Ethereum price shows sideways trading in the previous days, getting positive support by the EMA50, while stochastic shows clear oversold signals.



    Therefore, these factors encourage us to continue suggesting the bullish trend on the intraday basis, which targets testing 565.54 level mainly, noting that breaking 465.00 will push the price to resume its main bearish track again.



    Expected trading range for today is between 465.00 support and 565.00 resistance

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    Default

    The tight range dominates Ethereum price trades, and as long as the price is above 465.00, the rise will remain suggested on the intraday basis, supported by the EMA50 and stochastic, waiting to test 565.54 mainly.



    We should note that breaking 465.00 will push the price to return to the main bearish trend that its targets begin at 410.00 and extend to 310.00 on the near term basis.



    Expected trading range for today is between 480.00 support and 565.00 resistance

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