📈Ethereum analysis, Weekly insight into price behavior📉
Updated
ETHUSDT ETHUSD - Hello dear traders.
- Due to the increase in trading volume in the last candles, I'm going to do some weekly Ethereum analysis.
- In the next few days, Ethereum is expected to stabilize around the 1.6K - 1.75K.
- If the price breaks below the mentioned area, the price will drop to the level of 1.5K (probably price receive support here) and then 1.2K.
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✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Note
The recent price candle could be a reversal scenario, if the price consolidates above the Bollinger Midline. Otherwise, it is just a pullback and continuation of the bearish scenario.✍🐱👤
Note
Ethereum failed to stabilize above the uptrend line. The possibility of a downward scenario is increasing.
Later today, I will do more analysis on price action✍🐱👤
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📲 Telegram: t.me/CrazyS_Tradingview_Analysis
Share the analysis & Spread the wealth✨
🖊Got Feedback? We're all ears!📚
🍀Ride this journey with us🥂
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