ETHUSDT | Correction started or expect another removal?
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Earlier, I spoke about a similar removal to the local resistance of $1680 on the chart, the price came exactly to the level.
We collected liquidity from the highs and at the moment there is a slight correction to the previous traded zone of $1600-1550.
Expectation for the near future: I think that you need to wait for confirmation of local support and see how the asset will behave there, or try to take small long positions with minimal risks, or wait for the price to fall below the level of $1512 and from there also take small short positions.
Well, also, do not forget that everything now depends on bitcoin, if the buyer can hold the $22,800 zone and push the price even higher, then, accordingly, ETH is waiting for a flight already from the current values above $1680 unequivocally.
Earlier, I spoke about a similar removal to the local resistance of $1680 on the chart, the price came exactly to the level.
We collected liquidity from the highs and at the moment there is a slight correction to the previous traded zone of $1600-1550.
Expectation for the near future: I think that you need to wait for confirmation of local support and see how the asset will behave there, or try to take small long positions with minimal risks, or wait for the price to fall below the level of $1512 and from there also take small short positions.
Well, also, do not forget that everything now depends on bitcoin, if the buyer can hold the $22,800 zone and push the price even higher, then, accordingly, ETH is waiting for a flight already from the current values above $1680 unequivocally.
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