Ether Uptrend Is Weakening, Could Test Lower Support: Technical Analysis
Ether is facing resistance from all-time-highs and could see lower support, initially around $1,561.
Make preferred on
Share this article
Ether (ETH), the second largest cryptocurrency by market cap, is up about 140% for the year to date, but the uptrend has slowed since January. The first level of support is around $1,561, defined by its 50-day volume weighted moving average.
- The relative strength index (RSI) made a series of lower highs since January, diverging from ETH’s uptrend.
- Initial support for ETH is around $1,561, with lower support around the $1,300 breakout zone.
- Resistance remains around the $2,000 level, which set in February as fresh all-time-high for ETH.
- ETH has trailed bitcoin (BTC) since the Chicago-based commodities exchange CME launched its new ether futures contract in early February.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
