Hello Traders!
ETH consolidated for a month in a narrow range of $1740 - $2134. As a result, the price broke through the next support level of $1440 and consolidated under it. Then the level of $1120 was tested, which was followed by the rebound.
At the moment, the price consolidates near the support level of $1120, suggesting the continuation of the local upward movement to the level of $1440 with the aim of liquidity collection and further continuation of the downward trend.
The next zone of interest for buyers is in the price range of $615 - $800, in which you can consider medium-term purchases.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ETH consolidated for a month in a narrow range of $1740 - $2134. As a result, the price broke through the next support level of $1440 and consolidated under it. Then the level of $1120 was tested, which was followed by the rebound.
At the moment, the price consolidates near the support level of $1120, suggesting the continuation of the local upward movement to the level of $1440 with the aim of liquidity collection and further continuation of the downward trend.
The next zone of interest for buyers is in the price range of $615 - $800, in which you can consider medium-term purchases.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
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.