Ethereum (ETH): Lost Control Over 200EMA

kelmarin

Ethereum has lost control over the 200EMA, where we had a strong sell-side movement due to the US news.

As this was the movement during the weekends, now we are looking for recovery to happen at least a couple of days from now on, which would mean that buyers will take back the control over the 200EMA.

This line will decide the next major trend area for the coin!

Swallow Academy

kelmarin

Nota

Ethereum had a nasty fall both on Sunday and Saturday where price dipped from $2500 to $2100.

Despite that movement took place during the weekends it was harsh one and we are expecting osme kidn of re-test to happen towards the local broken area (near 200EMA).

19 jam lalu

Nota

Ethereum is back near EMAs after a nasty drop we had recently due to news we had. Now it is basically the waiting game, where we just wait for confirmations of either a breakout from here or a rejection and movement back to lower zones.

We are looking more for the breakout scenario just based on the buyside volume we had recently, which showed the dominance of buyers!