ETH is at the edge of the supporting trendline at $3200. A breakdown below this level will drop the price of ETH below $3k, reaching as low as $2500 to $2800.
On the brighter side, we have the 200 EMA acting as support for ETH, and a rebound from this green line could help ETH rally to the resistance level at $3800.
For now, ETH must hold the 200 EMA on this daily timeframe.
Do your own research before investing.
Trade safely.
#Ethereum
On the brighter side, we have the 200 EMA acting as support for ETH, and a rebound from this green line could help ETH rally to the resistance level at $3800.
For now, ETH must hold the 200 EMA on this daily timeframe.
Do your own research before investing.
Trade safely.
#Ethereum
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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.
Related publications
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.