New Update For #Ethereum Analysis 📈📉
Updated
Hello guys, Hello Crypto community. so you see The recent decline of the crypto market has happened again after more than a month and its tedious trend, although not pleasant for all crypto investors, but everything may not go according to the predetermined scenarios. In fact, the essence of all financial markets is that it is unpredictable, especially in the short term and has various risks.
So it is better not to have an extremist view and we should be completely neutral in order to be able to ride on the market waves, whether descending or ascending, and take advantage of it.
But we all know that the future belongs to crypto currencies and , its vital to be smart and patient.
So anyway ;As we can see, since the beginning of 2020, Ether has been able to increase its price more than 50 times while increasing its dominance
So it seems it needed to be corrected.
by breaking down of this trendline (# 1), it has been closed for a few weeks, and although it is in the support range (Pivot), if it loses it, it can fall even more to the support uptrend and trend line (# 2) . But in order to continue its uptrend rally , it must at least break the resistance area and close above $ 4,200, and at the same time we should see an increase in dominance to be more valid .
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
🙏with Best Regards
Trade active
🛑 resistance zone: $4000__$4250
🆚pivot zone: $3200__3500
❇️support zone: $2200__$2400
Note
DAILY:
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