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Ethereum
Short

ETH Going Down?

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As we can see recently eth didn't manage to break that 50 MA and based on my analysis the 4h trend line acting as a support has been broken which gives me a feeling it will drop back to major support levels like the ones at 1700 - 1800 area. What do you think about this?

Chart: ETH (Coinbase) - 4H timeframe
Fear_less7
Chart PatternsTechnical IndicatorsTrend Analysis

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Chart PatternsTechnical IndicatorsTrend Analysis
Fear_less7

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.