Ethereum at $2,361 as rebound loses steam, daily trend stuck below EMA20 and EMA50
- —Daily EMA200 at $2,307.30 remains the key support for ETH
- —An hourly close above $2,363.44 would open the way to $2,377.33
- —An hourly close below $2,358.11 risks a pullback to $2,337.38
- —Daily RSI is 37.5; hourly RSI eased from 68.7 to 58.3
Why it matters: ETH is pinned between the daily EMA200 and EMA20/EMA50 resistance, and a break either way should set direction for the coming sessions.
Source: The Cryptonomist (IT)