Another slight push for
ETH but likely just a part of the previous short-term recovery phase.
Resistance was met at the solid black trendline which was around the high of the initial breakout (between solid blue and yellow).
A dashed blue line was added off the prior support low to further signify this hold.
From here I still believe we see a drop to 3k (low of ~2950) before a real attempt at reversal occurs.
Dipping into the next long-term zone (solid black lines parallel to purple line) would be an indication that we could dip even further and label this cycle as overall bearish.
Resistance was met at the solid black trendline which was around the high of the initial breakout (between solid blue and yellow).
A dashed blue line was added off the prior support low to further signify this hold.
From here I still believe we see a drop to 3k (low of ~2950) before a real attempt at reversal occurs.
Dipping into the next long-term zone (solid black lines parallel to purple line) would be an indication that we could dip even further and label this cycle as overall bearish.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.