After selling pressure above $1250 ETH is testing a very important – but not strong - support level at $1105.
A monthly close below this level could be really a disaster for Ethereum, as it will trigger a 40-60% fall.
Except some local stops there is nothing strong to support the price.
Be Careful with leveraged longs!
A monthly close below this level could be really a disaster for Ethereum, as it will trigger a 40-60% fall.
Except some local stops there is nothing strong to support the price.
Be Careful with leveraged longs!
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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.