ETH is gathering liquidity ahead of a possible decline
The gray square is the active buying zone. When the price returned below the 3040 level, a liquidation phase occurred. Against the backdrop of the news, a retest of resistance is forming, but not with the aim of breaking through the level, but with the aim of gathering liquidity for a move to 2960-2913.
A false breakout of resistance could trigger another phase of liquidation (correction) to 2961. A halt should be expected in the 2900 zone.
The gray square is the active buying zone. When the price returned below the 3040 level, a liquidation phase occurred. Against the backdrop of the news, a retest of resistance is forming, but not with the aim of breaking through the level, but with the aim of gathering liquidity for a move to 2960-2913.
A false breakout of resistance could trigger another phase of liquidation (correction) to 2961. A halt should be expected in the 2900 zone.
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❤️ Telegram channel: t.me/AndeWave
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.