ETH on the 1H timeframe
ETH has lost the 0.5 Fib at $4310 and is now testing the local support zone.
1. A death cross occurred at the start of the week.
2. RSI and MACD are both showing bullish divergence.
3. Price is trying to hold local support.
Put together, these signs could signal a potential bottom, but confirmation is key.
If support holds, the setup strengthens. Until then, we watch it unfold.
Always take profits and manage risk.
Interaction is welcome.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.