EthereumShort
Ethereum to break support
As in Bitcoin's case, bulls don't have reasons to be happy at all...
After the recent drop under 3k, Eth started to correct, but this rally was short-lived and very well capped at 3.4k. A double top has formed here and now we are sitting exactly on the neckline's support. A break here looks imminent and the cryptocurrency can accelerate losses to 3k again
Also, a continuation to the downside will confirm that a lower high is in place and EthUsd can drop to very important 2750 support
Sell rallies can be a winning strategy for this crypto and only price above 3400 would negate this scenario.
After the recent drop under 3k, Eth started to correct, but this rally was short-lived and very well capped at 3.4k. A double top has formed here and now we are sitting exactly on the neckline's support. A break here looks imminent and the cryptocurrency can accelerate losses to 3k again
Also, a continuation to the downside will confirm that a lower high is in place and EthUsd can drop to very important 2750 support
Sell rallies can be a winning strategy for this crypto and only price above 3400 would negate this scenario.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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