According to our opinion, Ethereum has penetrated the floor of $900 and the purchase order has been cleared at this price level.
From above, it has hit its daily true zone QM and after the start of its downward rally, it has cleared its FL or local resistance and is correcting an upward price and starting the next downward step.
Liquidity below the weekly long-term trend line confirms this.
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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.