ETH short term trade. Local short

Updated
Our global forecast for the cryptocurrency ETH is relevant. We expect a test of the $2600 range, from where the price has every chance to start a new powerful wave of growth. Links to our recent global ETHUSDT forecast below:

Launch of Ethereum rocket is planned from the level of $2600


However, at the moment the sellers have not given the initiative. The price is slowing down, but sellers are preparing for another local downward momentum.

From how buyers will behave around the $2600 mark, it will be clear whether there will be a new wave of growth in the near future. So far no signs of buyer strength are visible.

Local ETH short
Admission 1: $2865
Admission 2: $2923
Stop: $3001
Such profit: $2675

The critical point where you need to closely monitor the price and be ready to fix the profit - $2726.

P.S. This local short is carried out near local minima. This should be taken into account when determining the size of the position.
Trade closed: target reached
Chart PatternsCryptocurrencycryptotradingETHEthereum (Cryptocurrency)ethereumforecastethshortETHUSDETHUSDTTrend Analysis

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