ETH has found support at it's VWAP dating all the way back to inception August 8th 2015.
Note
Right now it looks like we could potentially range between the December 12th 2018 and the December 5th 2016 lines.Note
Note
I'll be treating these lines are potential levels of support and resistance. I trust them more than just regular moving averages, as they take volume into account.Note
Weekly RSI is oversold and around historic lows. So a short term bump / sideways trend would not be surprising. That said, all time historic volume profile shows a minor gap in volume from these VWAP levels until it starts to pick up again around $790.Note
$1030 is the level Bulls would like to hold.
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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.