Weekly Technical Analysis of Ethereum Price June 1 Ethereum dipped underneath the 50-day-old mobile video on April 25, but did not stop at a fixed loss of $ 150. The $ 150 point has a strong support. If the price jumps from this support, we can expect re-pricing of up to $ 167.
Ethereum rose to $ 300 resistance, and the loss that followed came to an end by EMA-20 days. Buyers are trying to keep the price on this moving support, currently priced at $ 243.
If they succeed, another move to the resistance range will start at $ 300- $ 322.
Despite the rising moving average and the presence of RSI in the positive region, the negative divergence observed on the RSI should be taken seriously.
Breaking the support of the 20-day EMA can bring Ethereum down to $ 225. The next support of this digital currency is on the MA-50, which is about $ 200.