#ETH $ETH

Automatic technical analysis. Medium term, Aug 22, 2024

Ethereum has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The currency gave a negative signal from the double top formation by the break down through the support at 2887. Further fall to 2116 or lower is signaled. The currency has support at points 2200 and resistance at points 2900. Volume has previously been low at price tops and high at price bottoms. This weakens the currency.