- ETH fell into the demand zone around right above $100 and tried to regain support now turned resistance but failed
- We are sitting right under resistance as well as the bottom of the trendline support
- Any breakdown from here will result in a stop raid and could bring us back down to the next demand zone around $95 or even as low as $88
- The only way we can turn bullish is if we can regain the Monthly open and the supply block above returning into the range
- Bears are in control now and any BTC weakness will most definitely drop ETH price to lower levels
Thanks guys!
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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.