EthereumShort
Ethereum Struggles Below $3K – Another Failed Rally Ahead?
Over the past few months, Ethereum has been a disappointment for bulls, struggling to maintain momentum.
Despite Bitcoin testing its all-time highs,ETHUSD has consistently rolled back from the 4K resistance, forming lower highs along the way.
Bitcoin’s recent drop to 90K triggered a sharp decline in ETH, pushing it down to the critical 2.1K support zone.
While the price is currently rebounding, I believe this recovery will likely turn into another failed rally.
My bias remains bearish on ETH/USD as long as the price stays below 3K. I’m looking to sell rallies into that zone.
Only a sustained breakout above $3,200 with strong buying pressure would invalidate this bearish outlook.
Despite Bitcoin testing its all-time highs,
ETHUSD has consistently rolled back from the 4K resistance, forming lower highs along the way.Bitcoin’s recent drop to 90K triggered a sharp decline in ETH, pushing it down to the critical 2.1K support zone.
While the price is currently rebounding, I believe this recovery will likely turn into another failed rally.
My bias remains bearish on ETH/USD as long as the price stays below 3K. I’m looking to sell rallies into that zone.
Only a sustained breakout above $3,200 with strong buying pressure would invalidate this bearish outlook.
📈 Forex & XAU/USD Channel:
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💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.