Himal Pankaja
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#ETH price prediction against Israel-Iran conflict
If ETH continues its correction and closes below its 50-day EMA at $2,410, it could extend the decline to retest its next support level at $2,000.
The RSI on the daily chart reads 47, below its neutral level of 50, indicating bearish momentum. Additionally, the MACD indicator also displayed a bearish crossover on Thursday, issuing sell signals and indicating a downward trend.
On the other hand, if ETH finds support around its lower consolidation boundary at $2,461, it could extend the recovery to retest its upper consolidation boundary at $2,724.
If ETH continues its correction and closes below its 50-day EMA at $2,410, it could extend the decline to retest its next support level at $2,000.
The RSI on the daily chart reads 47, below its neutral level of 50, indicating bearish momentum. Additionally, the MACD indicator also displayed a bearish crossover on Thursday, issuing sell signals and indicating a downward trend.
On the other hand, if ETH finds support around its lower consolidation boundary at $2,461, it could extend the recovery to retest its upper consolidation boundary at $2,724.
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