#ETH/USDT in Trouble! $3089 SHOULD HOLD, Else...
ETH is currently trading at the liquidity level I mentioned in my updates a few weeks ago. The price has hit the yellow box and is supported by the lower trendline, which has been acting as support since October 2023. This is a crucial level to hold.
The lower support of $3,089 is marked by the 200 SMA. Oscillators are excellent tools for indicating changes in momentum and market psychology.
If the price breaks and closes below the $3,089 level, it could plummet to the $2,600 area. Conversely, a bounce could send ETH back to the $3,500 area, leading to a relief rally for other altcoins as well. Although less likely, this scenario is still possible.
All the 30+ altcoin charts that I've posted in the last 2 weeks are slowly moving to the accumulation area.
Will be posting more daily so follow me if you haven't yet!
What do you think? Let me know in the comments section, and don't forget to hit the like button.
Thank you,
#PEACE
The lower support of $3,089 is marked by the 200 SMA. Oscillators are excellent tools for indicating changes in momentum and market psychology.
If the price breaks and closes below the $3,089 level, it could plummet to the $2,600 area. Conversely, a bounce could send ETH back to the $3,500 area, leading to a relief rally for other altcoins as well. Although less likely, this scenario is still possible.
All the 30+ altcoin charts that I've posted in the last 2 weeks are slowly moving to the accumulation area.
Will be posting more daily so follow me if you haven't yet!
What do you think? Let me know in the comments section, and don't forget to hit the like button.
Thank you,
#PEACE
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Coincatch:- bit.ly/15000USDTBonus
BLOFIN - bit.ly/Cryptorphic
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
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