Uniglobe Markets
February 11, 2025 at 12:26 PM
Ethereum (ETH/USD) Technical Analysis Summary:
Sideways Trading: Ethereum is currently at $2648.11, showing a weak downward trend, with the price above key moving averages. The MACD indicates a weak negative trend.
Buy Opportunity: Consider buying at $2703.10 with targets at $2769.52. A stop loss is recommended at $2573.96.
Bearish Scenario: If the price breaks the $2573.96 support, it may drop toward $2518.61.
Support & Resistance Levels:
Resistance: 2669.41 (second), 2663.18 (first)
Pivot: 2654.28
Support: 2648.05 (first), 2639.15 (second)