ETHUSDT looks like is at resistance, 2K seems to be the upper part of the new range.
Further reinforcing the bearish bias:
I don't think ETHUSDT has the strength to breakout of the 2K resistance and a fall down to the lower part of the range (1.4K) is most likely.
Further reinforcing the bearish bias:
- Below the 180 EMA
- Below the Ichimoku cloud
- A the end of a downtrend
I don't think ETHUSDT has the strength to breakout of the 2K resistance and a fall down to the lower part of the range (1.4K) is most likely.
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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.