Ethereum
The resistance level at $4165 has not been fully consumed yet. As long as the support area at $2982.5 holds, we can expect a bullish trend similar to the previous scenario.
Currently, the probability of a bearish scenario and the consumption of the $2982.5 support level is much higher. If this support zone is consumed, we can expect to see the $2700 price range as well.
At the moment, the $3060 and $2700 price zones are considered low-risk areas for buying Ethereum. What’s your take on this?
Currently, the probability of a bearish scenario and the consumption of the $2982.5 support level is much higher. If this support zone is consumed, we can expect to see the $2700 price range as well.
At the moment, the $3060 and $2700 price zones are considered low-risk areas for buying Ethereum. What’s your take on this?
Trade active
"According to the analysis, the identified zones have been consumed. Given that the resistance zone at $3638.35 has been consumed and the positive divergence shown in the RSI, there is a high probability of an upward trend.
We can still expect to see the $2700 zone.
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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.