ETH 1H – Holding the Line or Breaking It?
Just like BTC, ETH on the 1H is currently testing the 50MA, the short-term line between strength and weakness.
The question now: will it hold as support, or will price break below and look for shelter near the 200MA?
Right under the 50MA sits yesterday’s close, adding an extra layer of support for the short-term structure.
Today’s close could be decisive for next week’s momentum. 👀
Key notes:
ETH testing the 50MA on 1H
200MA below as next support
Yesterday’s close acting as buffer
Close today could shape next week’s direction
Bias:
Neutral-bullish — momentum intact as long as the 50MA holds.
Always take profits and manage risk.
Interaction is welcome.
Just like BTC, ETH on the 1H is currently testing the 50MA, the short-term line between strength and weakness.
The question now: will it hold as support, or will price break below and look for shelter near the 200MA?
Right under the 50MA sits yesterday’s close, adding an extra layer of support for the short-term structure.
Today’s close could be decisive for next week’s momentum. 👀
Key notes:
ETH testing the 50MA on 1H
200MA below as next support
Yesterday’s close acting as buffer
Close today could shape next week’s direction
Bias:
Neutral-bullish — momentum intact as long as the 50MA holds.
Always take profits and manage risk.
Interaction is welcome.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.