✅ Ethereum has a good floor on the daily timeframe at the $2,500 support and could move towards the $3,000 resistance in the coming days 👌
✅ Given the severity of the decline and the distance to the downtrend line, it could experience a slightly longer correction and then attempt to break the trend line and the $3,000 resistance 👍
✅ Ethereum can grow to the following levels by breaking the medium-term downtrend line and the $3,000 resistance: 3400, 3700, 4100
✅ Major Ethereum support on the four-hour time frame is around $2,500 👌
🚨 This post is for analytical purposes only and should not be used as a basis for your buying or selling 🙏
⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly.
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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.