Ethereum FuturesShort
ETH breaking below the 1500 support level is inevitable
On July, 18th Ethereum broke above the 1500 resistance level and is now failing to retest it. The whole market has a bearish bias, and this would affect eth as well.
In addition, ETH is moving in a bullish falling wedge since January 24th 2022.
What is somehow a little bit confusing, is that ETH succeeded to fill the gap formed on June 13th ( which most of us thought it was an exhaustion gap ).
We could easily see the price get closer to the 500 area as the whole market preparing for a painful august.
In addition, ETH is moving in a bullish falling wedge since January 24th 2022.
What is somehow a little bit confusing, is that ETH succeeded to fill the gap formed on June 13th ( which most of us thought it was an exhaustion gap ).
We could easily see the price get closer to the 500 area as the whole market preparing for a painful august.
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