As we said in the previous analysis, Ethereum could not cross its downward trend line (blue line) and change the trend and continued its downward trend.
A slow pass will see a further drop to the $1064 range.
Otherwise, if the volume of purchase is such that the price chart can break the resistance range of $1165,
we will witness the activation of the upward scenario and we will expect to climb up to the resistance range of $1231.
Resistance range: 1165-1204-1231
Support range: 1112-1085-1064
GOODLUCK
SANAM
A slow pass will see a further drop to the $1064 range.
Otherwise, if the volume of purchase is such that the price chart can break the resistance range of $1165,
we will witness the activation of the upward scenario and we will expect to climb up to the resistance range of $1231.
Resistance range: 1165-1204-1231
Support range: 1112-1085-1064
GOODLUCK
SANAM
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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.
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.