Ethereum - The Key Levels to Watch to Confirm a Market Reversal
Ethereum is currently trying to regain ground and did well at consolidating support at the $400 level. A sudden plunge back down to the $380-400 zone could spell an end to this emerging bull run.
Crucial downward trend resistance levels are about to be tested. A gambler would buy in now and see if it breaks through. But I'd wait to see how it deals with resistance at the $550-600 area before buying in aggressively.
The jury isn't out yet on whether this is a market reversal but it's definitely safe to say that we're in for a bumpy ride!
Crucial downward trend resistance levels are about to be tested. A gambler would buy in now and see if it breaks through. But I'd wait to see how it deals with resistance at the $550-600 area before buying in aggressively.
The jury isn't out yet on whether this is a market reversal but it's definitely safe to say that we're in for a bumpy ride!
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.