9.22 ETH Market Analysis $ETH
Yesterday, ETH’s rally strength was noticeably weaker than Bitcoin’s. On the weekly chart, it opened up by 5 percentage points.
The 5-day/3-day MACD shows an expanding opening to the upside on increased volume; a golden cross on the 2-day line; and a daily-level divergence.
On the internal medium timeframes (4H/6H), it’s not as strong as Bitcoin. On shorter timeframes, there’s a need for a pullback from the upside.
Intraday supports: 2760, 2746, 2715, 2670
Intraday resistances: 2805, 2832, 2862, 2890
Yesterday, ETH’s rally strength was noticeably weaker than Bitcoin’s. On the weekly chart, it opened up by 5 percentage points.
The 5-day/3-day MACD shows an expanding opening to the upside on increased volume; a golden cross on the 2-day line; and a daily-level divergence.
On the internal medium timeframes (4H/6H), it’s not as strong as Bitcoin. On shorter timeframes, there’s a need for a pullback from the upside.
Intraday supports: 2760, 2746, 2715, 2670
Intraday resistances: 2805, 2832, 2862, 2890
