ETHUSDT After a strong run to $2k in early August on merge speculation, ETH has been in a down trend over the past few weeks. Considering the local buy/sell zones, if Ethereum doesn't hold at the bottom of this sell zone (red box = resistance = sell pressure), ~$1705, we could be looking at a hasty drop down to the next support area in the $1630-$1660 range. FYI... I am a data and patterns guy, not a financial advisor. Do Your Own Research (DYOR) and make your own decisions. This is just an educated guess.Note
BTW... If ETH doesn't hold and drops to $1630s the next drop will be $1570-ish with bears chasing after wicks in the low $1520s.
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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.