AT CryptoScan: ETHUSD limited downside

Ethereum / US Dollar (calculated by TradingView) BINANCE:ETHUSD

Auguraltrader

Ethereum weekly chart has bearish candletick patterns and is likely to break down below the 55EMA in the coming weeks. It appears to be better supported than Bitcoin based on the technicals, but can expect downside.

Daily 55EMA support is lost, broken and failed. Technicals suggest more downside. 2300-2500 appears to be a strong support zone , at the moment.

so… expect some downside in ETHUSD , but hope that the major support at 2300 holds well.

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