Ethereum's Next Move: Resistance Test Before Drop?

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.

If you enjoy, press the like button.

Order cancelled

Price didn't made any sell confirmations, so trade was not executed.

Note

Note this.

SOAM_PRO_TRADER

💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER

🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER

🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER

Also on:

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.