Ethereum in Daily Timeframe.
Updated
The Ethereum daily timeframe chart shows significant technical levels. The local high is approximately $4,093, with a downward-trending resistance line indicating a bearish trend from this peak.
The initial support is around the $3,440 level, represented by a yellow dotted line. The main support is identified by a white upward trend line at $3,100.
Ethereum is currently trading around the $3,500 level. A break below this level could lead to further declines.
POV: ETH must hold the current support level; if not, be prepared for an 11% drop.
Do your own research before investing.
Regards
Team Dexter.
The initial support is around the $3,440 level, represented by a yellow dotted line. The main support is identified by a white upward trend line at $3,100.
Ethereum is currently trading around the $3,500 level. A break below this level could lead to further declines.
POV: ETH must hold the current support level; if not, be prepared for an 11% drop.
Do your own research before investing.
Regards
Team Dexter.
Note
Ethereum is still holding the initial support level at $3400.
The support levels remain intact at $3400 and $3100.
I am expecting a bounce up to the resistance trendline at $3800.
Invalidation point: a close below $3400.
Do your own research before investing.
#ETH #Crypto
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