Ethereum has broken ascending support, potential for bearishness
We were watching our ascending support line really closely yesterday and price has finally broken below it. This is usually a sign for a potential change in momentum to bearish. Our 1st major resistance is at 907 which is a pullback resistance level. Our next major support is at 778 which is a 50% Fibonacci retracement and a strong horizontal swing low support.
What is interesting it our RSI breaking below 46% which was previously holding up prices really well, this could be interpreted as potential for bearishness.
What is interesting it our RSI breaking below 46% which was previously holding up prices really well, this could be interpreted as potential for bearishness.
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.