Ethereum's current pullback presents an intriguing scenario.
The
ETHBTC price seems to be seeking support in the range where it retraced during the mid-summer of 2022.
Currently hovering around 0.05, this level stands as a crucial support zone.
If Ethereum maintains above this mark, a potential climb to 0.058 and beyond becomes feasible.
On the flip side, dropping below 0.05 might extend the downtrend. The next moves are uncertain, so stay tuned and observe the market dynamics closely.
The
ETHBTC price seems to be seeking support in the range where it retraced during the mid-summer of 2022. Currently hovering around 0.05, this level stands as a crucial support zone.
If Ethereum maintains above this mark, a potential climb to 0.058 and beyond becomes feasible.
On the flip side, dropping below 0.05 might extend the downtrend. The next moves are uncertain, so stay tuned and observe the market dynamics closely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.