The Ethereum/US Dollar pair ETHUSD is at risk of a bearish closure 💸🤔
Weekly trades lost 5%, but it managed to stay above the support level of $2,400 after a period of volatility. This brings it back to a trading range that has persisted since early May, despite briefly reaching $2,100 recently. According to the performance on the daily timeframe chart, the MACD indicator is about to form a bullish crossover. If confirmed later, this could be a catalyst for price increases. The current resistance level is at $2,800, and buyers need to surpass it if they want to 😉
