This current level is an important area for ETH as below this level there is no support till 750 .
Looking at the Volume profile shows there's only fresh air between 888 and 750 .
Which means there is no support in that area .
ETH will have to consider a temporary bounce around the current 926 area to avoid heading lower to the 750 zone.
Looking at the Volume profile shows there's only fresh air between 888 and 750 .
Which means there is no support in that area .
ETH will have to consider a temporary bounce around the current 926 area to avoid heading lower to the 750 zone.
Note
This is very odd behavior if you ask me as the current Area offers a good temporary bounce zoneNote
Further moves down could be high speed capitulation moves lower; hence if ETH has thoughts of pausing the current downtrend this is the spot.
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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.