ETH Price On The Cusp Of A Bullish Comeback
| Santiment As for traders, knowing where and how to position themselves following the sell-off is critical to their readiness for the bull run anticipated in 2024/2025. Since the immediate support at $1,700 might not hold for long if ETH price delays the upswing above $1,800, those seeking exposure to new long positions in Ethereum may want to consider the confluence support created roughly at $1,630 by the 200-day Exponential Moving Average (EMA) and the ascending trendline. ETH/USD weekly chart | Tradingview Another buy signal from the Supertrend indicator as observed on the chart, shows that bulls have control. The Supertrend indicator is a tool for crypto traders to spot trends and signals. It uses the ATR and volatility to change color and direction. Green means buy Ethereum, and red means sell. The indicator line also acts as a stop loss level. With the Supertrend trailing ETH price and the confluence support at $1,630, the path with the least resistance is bound to the upside. Investors should adopt strategies that allow them to change tactics, considering the Money Flow Index (MFI) direction below the midline in the neutral zone and toward the oversold region. This indicator measures the amount of volume flowing into and out of Ethereum markets.