$ETH consolidates with room for upside
Short-time $ETH chart with the RSI at 46.29, indicating a neutral outlook. The MACD is negative at -1.92, but the narrowing gap suggests a potential bullish reversal.
Traders could consider entering long if price breaks above $2294.72, with a target of $2300 and a stop-loss at $2290. Short trades could be initiated if the price falls below $2287.16, targeting $2280 with a stop-loss at $2295.
On the hourly chart $ETH maintains a neutral-to-bullish sentiment on the hourly chart, with the RSI at 51.86 and the MACD at 0.89.
A long position could be initiated if price breaks above $2297.99, targeting $2310 with a stop-loss at $2290.
For bearish trades, enter short below $2287.11, targeting $2280, with a stop-loss at $2295.
On the daily chart, ETH displays a bearish sentiment with the RSI at 36.23 and MACD at -121.73.
Traders could short below $2283.10, targeting $2260 with a stop-loss at $2295.
Bulls should wait for a reversal above $2320.74, targeting $2350 with a stop-loss at $2300.
Note: All indicator readings are as per the publish time of this analysis. Exercise caution and do thorough research before making trading decisions.
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