Ethereum

Will ETH finally change direction?

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ETH is approaching support at $1,559, but here you can see how the price has fallen below the upward trend line, which could have resulted in a stronger rebound. When support is broken, you can still see a strong support level at $997, to which we can see a decline.

Only when the trend changes direction will ETH have to face resistance levels at $1,889, then $2,151, and then $2,560 before we see any major upward movements.

The Stoch RSI indicator shows us moving along a line where we could previously observe strong price rebounds, while the RSI indicator itself, taking into account the interval of one weekend, shows us approaching the level we last touched during the bear market bottom.

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