ETH rebounded for a while after touching 2170. It may be limited by a larger level of the short. So the price fell again after rebounding to 2700. ETH performed worse than BTC this week. From the graph, you can find that the long strengthened after the price reached the lower rail of the bearish channel. But the bears frequently tested this new support at 2400 in the following days.
Conclusion: Mostly falling. The new support level(2400) have become vulnerable after many retests. The decline will continue unless the long side takes significant volume. The resistance level is 2760 and the main support level is 1800.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Conclusion: Mostly falling. The new support level(2400) have become vulnerable after many retests. The decline will continue unless the long side takes significant volume. The resistance level is 2760 and the main support level is 1800.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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.