Based on today's classical pivot point (P1) with the value of $0.2705, Ethereum PoW has support levels of $0.2652, $0.2616, and the strongest at $0.2563. Similarly, Ethereum PoW resistance levels are at $0.2741, $0.2794, and $0.2830.
| # | Price | Strength |
|---|---|---|
| S1 | $0.2652 | |
| S2 | $0.2616 | |
| S3 | $0.2563 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.2741 | |
| R2 | $0.2794 | |
| R3 | $0.2830 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 40.22 | NEUTRAL |
| Stoch RSI (14) | 30.06 | NEUTRAL |
| Stochastic Fast (14) | 8.23 | BUY |
| Commodity Channel Index (20) | -74.23 | NEUTRAL |
| Average Directional Index (14) | 27.19 | BUY |
| Awesome Oscillator (5, 34) | -0.03 | NEUTRAL |
| Momentum (10) | -0.01 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -91.77 | BUY |
| Bull Bear Power (13) | -0.02 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 39.34 | NEUTRAL |
| VWMA (10) | 0.27 | SELL |
| Hull Moving Average (9) | 0.27 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.31 | NEUTRAL |
Over the past 7 days, Ethereum PoW price was most positively correlated with the price of Pepe Coin (PEPE), Cardano (ADA), Sui Crypto (SUI), Immutable X (IMX) and Monad (MON) and most negatively correlated with the price of Midnight (NIGHT), JUST (JST), Morpho (MORPHO), Worldcoin (WLD) and NEAR Protocol (NEAR).
| Name | Correlation |
|---|---|
| Pepe Coin | 0.933 |
| Cardano | 0.932 |
| Sui Crypto | 0.928 |
| Immutable X | 0.918 |
| Monad | 0.911 |
| Name | Correlation |
|---|---|
| Midnight | -0.617 |
| JUST | -0.558 |
| Morpho | -0.507 |
| Worldcoin | -0.491 |
| NEAR Protocol | -0.486 |
Ethereum PoW price is positively correlated with the top 10 coins by market cap with a price of 0.586, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.448.
Currencies that are positively correlated with Ethereum PoW indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Ethereum PoW, a move in one direction for Ethereum PoW would translate into a move in the opposite direction for the negatively correlated coin.
