ETH back to 3k as we look to re-test this major S/R zone; rejection off H4 divergence indicates a stronger chance of another dip.Expect first support to be around 2750-2650 if we close (H4/D1) below the highlighted zone.
Further momentum could send us as low as 2300 before showing any prominent signs of recovery. (1/08 post)
Major resistance still holds around 3350 (3300-3400) and 3600 imo.
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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.