Ethereum - Potential Trend Reversal - Support level tested
Since the Jan 20-21 dip in Ethereum prices due to concern of interest rate hikes from the FED, there has been a general upward trend. The linear line graphed appears to approximate support levels for this upward trend well as it has been tested several times. At the time of writing, Ethereum prices are currently at an estimated support level. This suggests a possible entry point for a long position.
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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.