Ether doesn't slide as much as alts for BINANCE:ETHUSDT by TradeViewDemiGod

Ether doesn't slide as much as alts

Despite attempting a recovery on June 11, Ether's shallow bounce suggests that the bears are actively selling during minor rallies. The bears aim to further strengthen their position by pulling the price below the immediate support level at $1,700, which would signal the start of a deeper correction.

While a minor support exists at $1,600, a breakdown below that level could lead to a decline extending towards $1,352. Conversely, if the ETH/USDT pair once again rebounds from $1,700, it would indicate fierce defense by the bulls at that level. A rally above the resistance at $1,778 could clear the path for a potential upward move towards the moving averages.

TradeViewDemiGod

Also on:

TradeViewDemiGod

Also on:

Related publications

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.