Eth exited the bearish channel, and the price returned to the level of Jan.20. Eth performed better than BTC last week. The long side started to attack on Jan.28 and touched the resistance level(2760) mentioned in the last recap. Although the short side strengthened after that,the long side directly rose and made a confirmation under the strong performance of the entire market.And at the weekly scale, the long's strength has been destructive to the short.
Conclusion: Rising after correction. The long side made a V reversal. But the volume has been low in recent days and the current price has selling pressure of the pinbar on Jan.20. It may rise after correction. We set the support level as the previous resistance (2760) and the current resistance level is 3170.
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: Rising after correction. The long side made a V reversal. But the volume has been low in recent days and the current price has selling pressure of the pinbar on Jan.20. It may rise after correction. We set the support level as the previous resistance (2760) and the current resistance level is 3170.
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.