ETH - Technical review and analysis
Yesterday, Ethereum had very low volatility with a limited range.
Ethereum's price failed to stay above the $1,300 support zone. It reacted to the downside and traded below the $1,250 support zone to move into a bearish area.
It could continue to move down if it fails to climb above the $1,220 resistance. The following support on the downside is near the $1,170 level. The next major support is near the $1,150 level, below which the price could gain bearish momentum toward the $1,100 support. Any more losses could lead the price toward the $1,050 support.
Ethereum's price failed to stay above the $1,300 support zone. It reacted to the downside and traded below the $1,250 support zone to move into a bearish area.
It could continue to move down if it fails to climb above the $1,220 resistance. The following support on the downside is near the $1,170 level. The next major support is near the $1,150 level, below which the price could gain bearish momentum toward the $1,100 support. Any more losses could lead the price toward the $1,050 support.
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