Hey traders!
We're keeping a close watch on ETHUSD for a potential upside reversal and have added it to our watchlist.
Here’s why:
ETH is sitting at the bottom of the Bollinger Bands on the 30-minute chart, suggesting a potential bounce.
On the daily timeframe, it's holding above a key dynamic support area, signaling a bullish bias.
Even though the broader stock market shows weakness (which often correlates with crypto), BTC and ETH are still attracting investor interest, especially with global geopolitical tensions and central banks’ loose monetary policies.
As always, do your own research and manage your risk carefully!
We're keeping a close watch on ETHUSD for a potential upside reversal and have added it to our watchlist.
Here’s why:
ETH is sitting at the bottom of the Bollinger Bands on the 30-minute chart, suggesting a potential bounce.
On the daily timeframe, it's holding above a key dynamic support area, signaling a bullish bias.
Even though the broader stock market shows weakness (which often correlates with crypto), BTC and ETH are still attracting investor interest, especially with global geopolitical tensions and central banks’ loose monetary policies.
As always, do your own research and manage your risk carefully!
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