ETH VS USD, where is the bottom??
To everyone who asks about Ethereum, and to everyone who does not know when the decline will end and where the bottom will be, wanting to buy and invest in the second largest currency in the market
This is my view on the price if you want to take a quick look
In front of the price there are three supports, I expect the bottom to form at any of them
The first support is near the $1500 level
The second support is near the $1110 level
The third or last support is near the $455 level
Breaking the first support $1,500 will, for me, be a sign of targeting the second support, $1110, and breaking this support will signal the price’s intention to continue descending further towards the last support near $455.
So far, the area defined in green at $2,790, $3,200 is the real bullish gate for me, meaning that if we see any rise in the coming days, this rise for me will not be the rise of a real or continuous trend unless I witness a breach of that area
This boarding key or gate will definitely be updated if the price continues to drop
This is my view on the price if you want to take a quick look
In front of the price there are three supports, I expect the bottom to form at any of them
The first support is near the $1500 level
The second support is near the $1110 level
The third or last support is near the $455 level
Breaking the first support $1,500 will, for me, be a sign of targeting the second support, $1110, and breaking this support will signal the price’s intention to continue descending further towards the last support near $455.
So far, the area defined in green at $2,790, $3,200 is the real bullish gate for me, meaning that if we see any rise in the coming days, this rise for me will not be the rise of a real or continuous trend unless I witness a breach of that area
This boarding key or gate will definitely be updated if the price continues to drop
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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.