The price action is in an ascending wedge, which is a bearish sign. In case of a breakdown, the region between 2890 - 3000 is a major support area. EMA30 & EMA50 are clusters of support the price can count on. They might come to save the price in the major support zone just in time. However, if the price manages to break out of the ascending wedge to the upside and follow the upward trend line, the atmosphere for ETH will turn super bullish. My alerts are set to follow the possibilities. Good luck!
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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.