ETH is weak. Today I will explain the latest market price using 4 hour chart.
ETH, which seemed likely to rise as it broke through the parallel channel of the decline on September 27 and formed a double bottom, Contrary to market expectations, weak development continues.
Currently, it is in a state of resistance to short-term, medium-term, and long-term MA, and the development is even heavier.
The highlight of ETH is the pink uptrend line. This line has not been broken since the corona shock, and attention is focused on whether it can be protected.
Given the latest weakness, it broke below and plunged to the $ 240 line. Is it a situation that must be considered?
Keep an eye on this week's price movements, including Bitcoin. I want to manage risk firmly.
ETH, which seemed likely to rise as it broke through the parallel channel of the decline on September 27 and formed a double bottom, Contrary to market expectations, weak development continues.
Currently, it is in a state of resistance to short-term, medium-term, and long-term MA, and the development is even heavier.
The highlight of ETH is the pink uptrend line. This line has not been broken since the corona shock, and attention is focused on whether it can be protected.
Given the latest weakness, it broke below and plunged to the $ 240 line. Is it a situation that must be considered?
Keep an eye on this week's price movements, including Bitcoin. I want to manage risk firmly.
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