Technical Analysis (ETH/USD - 1H Chart)
Ethereum is in a downtrend, with a key Point of Interest (POI) around the $2,340 - $2,370 zone, highlighted in red. Price is expected to pull back into this resistance area before continuing downward. A bearish rejection from this level could push ETH towards the $2,080 target area, aligning with previous demand zones.
Key Levels:
- Resistance (POI): $2,340 - $2,370
- Support (Target Area): $2,080
Watch for rejection signs in the POI before entering short positions.
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Ethereum is in a downtrend, with a key Point of Interest (POI) around the $2,340 - $2,370 zone, highlighted in red. Price is expected to pull back into this resistance area before continuing downward. A bearish rejection from this level could push ETH towards the $2,080 target area, aligning with previous demand zones.
Key Levels:
- Resistance (POI): $2,340 - $2,370
- Support (Target Area): $2,080
Watch for rejection signs in the POI before entering short positions.
If you enjoy, press the like button.
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Price didn't made any sell confirmations, so trade was not executed.Note
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Related publications
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.