Ethereum could not break the resistance of $1220!

After Ethereum could not break the resistance of $1220 within its short-term ascending channel, fluctuations continued under this resistance for several hours until today both the floor of the ascending channel and the support of $1200 were broken by creating selling pressure in the market. The decline has continued to the $1,160 range, but the support in the $1,140-$1,150 range for Ethereum could be met with a positive reaction. Also, Ethereum's second support is considered in the $1100 range, and we can expect a short-term return if we see signs of support. Otherwise, there is a possibility of increased selling pressure and further decline towards lower supports.

MonoCoinSignal

💎 We believe that everyone can trade and deserves the opportunity to succeed in the world of cryptocurrency and take advantage of its potential.

🥇Join our free Telegram channel ➜ t.me/monocoin_public

👤Admin ➜ t.me/monocoin_admin

Also on:

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.