ETH ANALYSIS:
ETH broke down from the daily block and has since turned this spot into resistance. ETH found a temporary support near 210-220, and pushed into a small relief rally up. I expect another attempt at this temporary support. IMO, this isn’t a very strong support. So it is a key point to watch. A double bottom and strong buy volume would validate a stronger support. Until then, expect a push back down to T1 at $227.45, T2 at 223.80, and T3 at 218.80. The volume is weak on current relief rally run. I dont expect this to hold, unless 234 is broken. If ETH does break above 234, look for a rise all the way to $240-248.
Trade closed: target reached
WIN! ETH/USD SHORT Hit Target 1!
+1.11% Profit!
Trade closed: target reached
WIN! ETH/USD SHORT Hit Target 2!
+2.70% Profit!
Trade closed: target reached
WIN! ETH/USD SHORT Hit Target 3!
+4.87% Profit!
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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.