Solid News

The ETH/USD pair is moving in a medium-term downtrend, but the decline has now slowed down as the price has entered the sideways range of 1375.00–1250.00 (Murrey [2/8]–[0/8]), which it has been in since the middle of last month. Last week, quotes again reached their lower limit, after which they resumed growth.

Currently, the instrument is close to 1375.00 (Murrey [2/8]), but further upward dynamics are restrained by the upper border of the downwards channel. If it consolidates above it, the movement can continue to 1450.00 (Fibonacci correction 50.0%), 1500.00 (Murrey [ 4/8]) and 1575.00 (Fibonacci retracement 38.2%). Otherwise, quotes may return to the lower border of the sideways range 1250.00 (Murrey [0/8]) or to 1187.50 (Murrey [–1/8]) and 1125.00 (Murrey [–2/8]).

Technical indicators do not give a single signal, confirming the likelihood of further lateral price movement under conditions of fundamental market uncertainty: Bollinger bands are horizontal, MACD is stable in the negative zone, and Stochastic is approaching the overbought zone and is preparing to reverse downwards.

Resistance levels: 1375.00, 1450.00, 1500.00, 1575.00. | Support levels: 1250.00, 1187.50, 1125.00.