Hello Traders!
ETH consolidated for a month in a narrow range of $1740 - $2134. As a result, the price broke through the next support level of $1440 and consolidated under it. Then the level of $1120 was tested, which was followed by the rebound.
At the moment, the price consolidates near the support level of $1120, suggesting the continuation of the local upward movement to the level of $1440 with the aim of liquidity collection and further continuation of the downward trend.
The next zone of interest for buyers is in the price range of $615 - $800, in which you can consider medium-term purchases.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ETH consolidated for a month in a narrow range of $1740 - $2134. As a result, the price broke through the next support level of $1440 and consolidated under it. Then the level of $1120 was tested, which was followed by the rebound.
At the moment, the price consolidates near the support level of $1120, suggesting the continuation of the local upward movement to the level of $1440 with the aim of liquidity collection and further continuation of the downward trend.
The next zone of interest for buyers is in the price range of $615 - $800, in which you can consider medium-term purchases.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.