Technical analytics

Ethereum market technical outlook

Ethereum market technical outlook

Analysis method - “Trend Potential”

Daily chart:

We note active trending state of ADX indicator, that tells about high probability of ethereum’s drop to the region of lower Bollinger band (73.86).


H4-chart:

Domination of the bearish trend can be seen as well - aggressive ADX on background of Bollinger bands expansion.

H1-chart:

Strong local support at the area of lower Bollinger band (94.19) can get under strong pressure, since all three time-frames have trending state of ADX indicator.

Expectations:

Decline towards 73.86.

Trading recommendations:

Shorts towards 73.86.


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