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Home Bitcoin & AltcoinsLate Longs Beware: 5 Signs of an Ethereum Fakeout

Late Longs Beware: 5 Signs of an Ethereum Fakeout

by admin
Abhay H

Late Longs Beware: 5 Signs of an Ethereum Fakeout

Will $ETH break? Or drop hard? Traders watch this ETH move. Look for signals. Read to the end. Find targets that traders usually miss.

Ethereum trades $3747 today. $ETH above $3550 support. Discover targets.

What are the support and resistance levels for $ETH?

Level Price (USD) Description
Support 1 $3550 100 EMA is the 100-day Exponential Moving Average. It is the average price over the last 100 days. It shows market trends over a mid or long term.
Support 2 $3400 Bollinger Bands are volatility bands. They expand and contract based on the market volatility. The lower Bollinger Band is the lower deviation from the 20-day simple moving average.
Resistance 1 $3850 50 EMA is the 50-day Exponential Moving Average. It is the average price over the last 50 days. It shows market trends over a short or mid-term.
Resistance 2 $4000 Upper Bollinger Band is the upper deviation from the 20-day simple moving average.

FAQ

What price targets should I consider for Ethereum $ETH?

Support $3550. Resistance $3850. Extension target $5983.

Should I sell Ethereum to take profits or wait?

Stochastic RSI 45. Resistance $3850. Stop-loss $3400.

How do I set stop-loss levels for Ethereum?

Place stops below $3400. Use swing lows.

What are the Ethereum moving averages indicating?

EMA50 $3850. EMA100 $3550. ETH trades $3747. Compare for trend.

What should a buyer or seller do?

Buy near $3550 or $3400. Stops below $3400. Sell near $3850 or $4000. Take profits $5983. Manage risk.

How do Fibonacci levels affect the Ethereum price?

Fibonacci 61.8% at $2962. Fibonacci 138.2% targets $5983.

What does $ETH momentum show?

Stochastic RSI 45. Above 80 is overbought. Below 20 is oversold. 20-80 shows neutral momentum.

Conclusion

Ethereum shows weakness below $3850. Eyes on $3550 for breakdown. Momentum favors bears. Sell-off may follow. Stay cautious. Protect capital.

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Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies presented are the thoughts and opinions of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Ethereum and other cryptocurrencies are high-risk investments; therefore, please conduct your due diligence. Copyright Altcoin Buzz Pte Ltd.

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