Ethereum: 100 WMA Holds as Support Wall
Trader Tardigrade notes Ethereum price wicking into the 100 WMA on the daily chart and bouncing instantly, with buyers defending the level repeatedly since the July breakout.
SourceAnalysis
@TATrader_Alan highlights Ethereum tapping the 100 WMA on the daily chart with an immediate bounce, repeating the July breakout and August retests that preceded the surge.
Price at $2503.11 sits below both the EMA50 at $2574.61 and EMA200 at $2584.4, confirming the bearish structure on the 4h, yet the MACD golden cross at -26.95 signals building momentum while RSI at 39.66 stays neutral. Trading inside the Bollinger bands between $2444.1 support and $2551.6 resistance, the market tests upper band resistance without overbought conditions, suggesting any pullback would likely find bids at the 50-EMA before continuation.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.