Well, sellers took over again after forming a nice fakeout above our bounce zone and branch of EMAs where price has landed now on a support zone, one of the most important ones on current timeframes, as if buyers fail to regain control at the current zone price of Ethereum will fall as low as $3000, which is not a small move.
So as of now we are monitoring that support zone where if we see a breakdown we will short and if we see the regain of control by buyers we go with the flow 😉
Swallow Team
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