Right now ethereum following down trade
As you can see the resistance shown on the chart
It will follow down until it break the resistance
The reason is the weekly candle, monthly, 3 months and 6 months, all this candle has new All Time low
Even if the market is positive and Bull run the ethereum fundamental data won't allow this token to push the price up
We have first to wait tomorrow on the new weekly candle and we supposed to keep the price not going down over the previous weekly candle then after 16 days on the monthly candle we have to do the same
If all upcoming weekly monthly 3 months and 6 months candles maintain to make new all-time high that's get the ethereum back on the track
It is normal to see ethereum on this price
I believe that they wanted to break all these candles down to lower the price and shake out holders to to go further up with no way this holders dump it at 4k like last two attempts we had
As you can see the resistance shown on the chart
It will follow down until it break the resistance
The reason is the weekly candle, monthly, 3 months and 6 months, all this candle has new All Time low
Even if the market is positive and Bull run the ethereum fundamental data won't allow this token to push the price up
We have first to wait tomorrow on the new weekly candle and we supposed to keep the price not going down over the previous weekly candle then after 16 days on the monthly candle we have to do the same
If all upcoming weekly monthly 3 months and 6 months candles maintain to make new all-time high that's get the ethereum back on the track
It is normal to see ethereum on this price
I believe that they wanted to break all these candles down to lower the price and shake out holders to to go further up with no way this holders dump it at 4k like last two attempts we had
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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.