Ethereum- False break of support and reversal?
After a rise towards 1700 resistance at the beginning of the month, Ethereum has also dropped hard like all the crypto market and took a dive under the 1200-1250 important zone.
However, this drop was quickly reversed yesterday to put the coin back above support.
At this moment there is a high chance that the drop was a false break and a reversal to the upside could follow.
Clarification for a sustained up trend comes once Eth breaks back above 1400 and a break under 1k zone would negate this scenario.
2k can be the target for medium-term bulls.
However, this drop was quickly reversed yesterday to put the coin back above support.
At this moment there is a high chance that the drop was a false break and a reversal to the upside could follow.
Clarification for a sustained up trend comes once Eth breaks back above 1400 and a break under 1k zone would negate this scenario.
2k can be the target for medium-term bulls.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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.