We can see that ETH was stuck by the short side after breaking through the resistance level(3170). Unfortunately, the price didn’t directly enter into the bullish channel. As the strongest of the three, ETH holds the potential to rise. However, it should be noted that the long side is likely to fall into fluctuation if they cannot continue the performance of the previous two weeks.
Conclusion: Mostly rising. We have followed the logic of last week. Based on the magnitude of the previous pullback by the short and the reaction of the long, the correction may have ended and the price may begin to rise.Both the support level(2760) and the resistance level(3170) remain unchanged.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Conclusion: Mostly rising. We have followed the logic of last week. Based on the magnitude of the previous pullback by the short and the reaction of the long, the correction may have ended and the price may begin to rise.Both the support level(2760) and the resistance level(3170) remain unchanged.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.