Hello traders, I hope you guys are doing great. Here's a quick analysis of ETH.
Timeframe: 8 hours.
Update: ETH broke down below the support trendline, re-tested the support, and now dropping down. We have a support range between $1700 to $1800, and ETH must hold this level if not then $1600 would be decent support for ETH.
Be watchful with your trades, guys.
Timeframe: 8 hours.
Update: ETH broke down below the support trendline, re-tested the support, and now dropping down. We have a support range between $1700 to $1800, and ETH must hold this level if not then $1600 would be decent support for ETH.
Be watchful with your trades, guys.
Note
ETH Update: ETH couldn't hold the $1700 to $1800 support range. As mentioned, ETH is currently trying to hold the second support level at $1600. If ETH misses this one then $1360 could be the expected drop level. Let's see how it plays out.
Trade safely.
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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.