Ethereum back on Hourly Support with a Strong Buy-zone
Ethereum has returned to a significant support level, where a strong buyback was observed in the recent past, leading to a price increase. However, the recent gains have been completely erased due to the ongoing selloff, which can be attributed to the SEC lawsuit against Binance and Coinbase. With the price currently at the highlighted support level, there is a possibility of a short-term buyback taking place. It is important to closely monitor the market dynamics and price action to assess the strength and potential duration of any potential buyback.
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.