analytics1_1
Despite the appearance of Bullish Divergence from the RSI, Ethereum's bias remains weak. Friday, August 29, 2025.
Despite the appearance of Bullish Divergence from the RSI, Ethereum's bias remains weak. Friday, August 29, 2025.
Crypto-currencies
2025-08-29 05:34:56
[Ethereum] – [Friday, August 29, 2025]
With the RSI in the bearish neutral area and the EMA(50) and EMA (200) crossing a Death Cross, the cryptocurrency's bias is likely to weaken today.
Key Levels
1. Resistance 2: 4703.79.
2. Resistance 1: 4579.93.
3. Pivot: 4504.50.
4. Support 1: 4380.64.
5. Support 2: 4305.21.
Tactical Scenario
Pressure Prone Zone: If the price breaks down and closes below 4380.64, this cryptocurrency could potentially continue its decline to 4305.21.
Momentum Extension Bias: If the 4305.21 level is successfully broken and closes below it, Ethereum has the potential to continue its decline to 4181.35.
Invalidation Level / Bias Revision
The downside bias is maintained if the Ethereum price suddenly strengthens (Bullish Divergence) and breaks through and closes above 4703.79.
Technical Summary
EMA(50): 4514.05.
EMA(200): 4549.75.
RSI(14): 49.08 + Bullish Divergence.
Economic News Release Agenda:
Tonight, there will be economic data releases from the United States, including:
US - Core PCE Price Index m/m - 19:30 WIB
US - Goods Trade Balance - 19:30 WIB
US - Personal Income m/m - 19:30 WIB
US - Personal Spending m/m - 19:30 WIB
US - Prelim Wholesale Inventories m/m - 19:30 WIB
US - Chicago PMI - 20:45 WIB
US - Revised UoM Consumer Sentiment - 21:00 WIB
US - Revised UoM Inflation Expectations - 21:00 WIB
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