Technical analytics

Ethereum market technical outlook


Daily chart:

Downward dynamics of the market in direction of the lower Bollinger band (104) preserves


We note local intermediate support at the 115 level on lower Bollinger band. ADX stands in a trending area, therefore further slide is a prevailing scenario.


We also have to note intraday trending tone of ADX indicator in favor of sellers. Thus we can expect decline of the quotes towards 115 and 103


Decline in direction 115.103.

Trading recommendations:

Short-trades towards 115 and 103.

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