FenzoFx—Ethereum tested and swept the monthly highs at $2,813 but failed to sustain its bullish momentum. The 1-hour chart formed a bearish fair value gap, signaling increasing selling pressure.
Currently, Ethereum trades slightly below the monthly high at approximately $2,806, with immediate resistance at $2,813. If this level holds, ETH/USD could target the 50.0% retracement zone near $2,640.
Currently, Ethereum trades slightly below the monthly high at approximately $2,806, with immediate resistance at $2,813. If this level holds, ETH/USD could target the 50.0% retracement zone near $2,640.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.