Hi everyone
Possible ETH routes
It is currently priced below $ 3,000
A major downtrend line with resistance around $ 3030 is also forming on the hourly chart
In the uptrend, the first resistance is close to the $ 3,000 level
After that, the first major resistance is close to the $ 3030 level
Failure of the price above the resistance levels of $ 3000 and $ 3030 can push the price towards the main area of failure around $ 3165
A close above the $ 3165 resistance could push it up to $ 3320
If the ETH is unable to move above these two important resistances, it is likely to continue its downward trend.
The first support in this downtrend is close to the level of $ 2920
The next major support appears to be close to the $ 2,900 level
If the ether does not stay above $ 2,900, it will probably fall to its lowest level of $ 2,740
Which scenario do you think will work?
Please share your comments
Thank you
Possible ETH routes
It is currently priced below $ 3,000
A major downtrend line with resistance around $ 3030 is also forming on the hourly chart
In the uptrend, the first resistance is close to the $ 3,000 level
After that, the first major resistance is close to the $ 3030 level
Failure of the price above the resistance levels of $ 3000 and $ 3030 can push the price towards the main area of failure around $ 3165
A close above the $ 3165 resistance could push it up to $ 3320
If the ETH is unable to move above these two important resistances, it is likely to continue its downward trend.
The first support in this downtrend is close to the level of $ 2920
The next major support appears to be close to the $ 2,900 level
If the ether does not stay above $ 2,900, it will probably fall to its lowest level of $ 2,740
Which scenario do you think will work?
Please share your comments
Thank you
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.
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.