Just like many other cryptos, ETH is currently experiencing a lot of bearish price action. However, this will only benefit ETH in the long-run.
In a recent BTC post, I discussed the possibility for a bearish correction for Bitcoin after being severely overbought. I reckon that ETH is on the verge of doing the same.
On the chart I've marked a major area of support between $3300 and $3000 based on recent tops and round numbers. I'm expecting ETH to fall within this area, after which it will reverse strongly ideally. This could mean that we're facing another 1-2 days of bearish price action before any meaningful reversal can occur. Plan accordingly.
Happy trading!
In a recent BTC post, I discussed the possibility for a bearish correction for Bitcoin after being severely overbought. I reckon that ETH is on the verge of doing the same.
On the chart I've marked a major area of support between $3300 and $3000 based on recent tops and round numbers. I'm expecting ETH to fall within this area, after which it will reverse strongly ideally. This could mean that we're facing another 1-2 days of bearish price action before any meaningful reversal can occur. Plan accordingly.
Happy trading!
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📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.