TECHNICAL ANALYSIS ETH/USD.
The ETH/USD pair attempts to consolidate a short-term bullish trend after reaching four-month highs near 2735.00. However, the price corrected towards the middle line of the Bollinger Bands. If it breaks the support at 2187.00, it could extend the decline towards 1875.00 and 1562.50. On the other hand, if the buying pressure holds, ETH/USD could head towards 2852.00 and 3270.00, supported by technical indicators: the MACD remains positive, the stochastic and the Bollinger Bands point upwards. In the long term, the price seeks to consolidate above the key level of 2500.00, which would indicate a possible trend change.
Resistances: 2852.00, 3270.00
Supports: 2187.00, 1875.00, 1562.50
