Another rejection at 3400 sends 
ETH below ascending triangle support. Price currently sustaining around 3250-3200.
A break here could send us back to the highlighted zone or lower, with the chance of a daily convergence transition triggering a few more weeks in the red (11/15).
Double-bottom play is still a possibility if we can sustain 3k. If not, I believe we'll see some consolidation around 3000-2750 (2650 low) until EOM.
ETH below ascending triangle support. Price currently sustaining around 3250-3200.A break here could send us back to the highlighted zone or lower, with the chance of a daily convergence transition triggering a few more weeks in the red (11/15).
Double-bottom play is still a possibility if we can sustain 3k. If not, I believe we'll see some consolidation around 3000-2750 (2650 low) until EOM.
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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.