The price is back to the level on Mar.2. In the past month, the performance of ETH has been weaker than that of BTC, but the bulls have strengthened significantly this time, and the overall rebound is stronger. This may be related to the negative effect of BTC having a small part of the safe-haven attribute. Last week is a rave for risky assets. Back to TA, up close, the bullish power has not weakened. We believe that the price can stand firm above 3000 and launch an attack on the next resistance level.
Conclusion: The rebound is not over. ETH's performance leads us to believe that this rebound did not end immediately. While it didn't perform well in the first few weeks, the previous high on Feb.9 is still meaningful and we moved resistance up to the previous high(3260). And it is appropriate to set the support level at 2490.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Conclusion: The rebound is not over. ETH's performance leads us to believe that this rebound did not end immediately. While it didn't perform well in the first few weeks, the previous high on Feb.9 is still meaningful and we moved resistance up to the previous high(3260). And it is appropriate to set the support level at 2490.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
