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ETHUSD Technical Analysis - ETHUSD Trading: 2022-05-26
ETHUSD Technical Analysis Summary
Below 1786
Sell Stop
Above 1940
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
ETHUSD Chart Analysis
ETHUSD Technical Analysis
The ETHUSD technical analysis of the price chart on 1-hour timeframe shows ETHUSD: H1 is plunging under the 200-period moving average MA(200) after consolidation following reatreat as the price hit one-week high three days ago. We believe the bearish momentum will continue after the price breaches below 1786. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1940. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Crypto - ETHUSD
The European Central Bank warned in its latest study crypto industry’s deepening ties to banks will pose a risk to financial stability. Will the ETHUSD price continue retreating?
The European Central Bank warned crypto industry’s deepening ties to banks will pose a risk to financial stability in its Financial Stability Review on Tuesday, according to Reuters report three released three hours ago. ECB President Christine Lagarde declared on Dutch television on Monday that Bitcoin and other cryptocurrencies are “worth nothing.” Central bank statements on need for more crypto industry regulation on grounds of crypto’s threat to financial stability is bearish for ETHUSD.
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