The technical indicators maintain a sell signal: the Bollinger Bands and Stochastic are turning downward, the MACD histogram remains stable in negative territory, and on the weekly chart the price has reached the lower Bollinger Band, which increases the probability of a further downward move.
Support and resistance levels
Resistance levels: 3540.00, 4062.50, 4687.50, 5000.00.
Support levels: 2720.00, 2187.50, 1875.00.
Trading scenarios and ETH/USD forecast
Short positions may be opened below 2720.00 with targets at 2187.50 and 1875.00 and a stop-loss at 3100.00. Implementation period: 5–7 days.
Long positions may be opened above 3540.00 with targets at 4062.50, 4687.50 and 5000.00 and a stop-loss at 3240.00.
Scenario
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry point | 2700.00 |
| Take Profit | 2187.50, 1875.00 |
| Stop Loss | 3100.00 |
| Key levels | 1875.00, 2187.50, 2720.00, 3540.00, 4062.50, 4687.50, 5000.00 |
Alternative scenario
| Recommendation | BUY STOP |
| Entry point | 3570.00 |
| Take Profit | 4062.50, 4687.50, 5000.00 |
| Stop Loss | 3240.00 |
| Key levels | 1875.00, 2187.50, 2720.00, 3540.00, 4062.50, 4687.50, 5000.00 |