Ethereum: Support at 228USD and How to Trade

Here is the market review in a few words. The price bounced from 255USD. The price formed a bearish divergence, and it is a trend reversal signal. If the price can stay above 228USD, it will be possible to see an upside movement to the previous swing high at 255USD. The price reversal from the support can be used for buying. Stop orders must be placed below 225USD.

If the price breaks the support and moves below 225USD, it will be a bearish signal with the targets at 215USD and the support zone at 200USD.



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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading