Price Action Hints at Potential Downside
Ethereum (ETH) bulls seem to be losing control. After a strong surge, the price action is showing signs of fatigue. Here's what we're seeing:
Resistance Rejection: ETH has struggled to break above ~$3600. This inability to achieve this key level suggests the buying power is waning. This key level is acting like a ceiling, with sellers aggressively defending it.
Keep a close eye on the ~$3600 level. A break above this level could confirm a reversal and send ETH towards higher highs. White Box's indicate potential Take Profit Zones.
What do YOU think? Is this the end of the ETH rally?
Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. Further levels will be posted as the price action develops.
Ethereum (ETH) bulls seem to be losing control. After a strong surge, the price action is showing signs of fatigue. Here's what we're seeing:
Resistance Rejection: ETH has struggled to break above ~$3600. This inability to achieve this key level suggests the buying power is waning. This key level is acting like a ceiling, with sellers aggressively defending it.
Keep a close eye on the ~$3600 level. A break above this level could confirm a reversal and send ETH towards higher highs. White Box's indicate potential Take Profit Zones.
What do YOU think? Is this the end of the ETH rally?
Disclaimer: This is not financial advice. Please do your own research before making any trading decisions. Further levels will be posted as the price action develops.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。