ETH/USD: Can Bears Get to $220 Faster than Bulls Might Try to Re
On the daily chart, Ethereum (ETH) has still bullish potential, however, one needs to pay close attention at the level of $220. In case, sellers break it, the further drop up to $200 will become relevant. However, there is unlikely to break it from the first time as this is a far retest level since the beginning of May. Summing up, traders might expect a bounce off the support at $220 followed by a rise to $250.
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.