Ethereum is unable to break the resistance area (Yellow line). Don't open new positions before the breakout. The major support area is $980 - $1050, and you can place your buy orders there.
Ethereum's dominance is also in compression and is surrounded by a lot of support and resistance. It is expected that there will be strong fluctuations in the market at the beginning of the new week. The resistance support levels considered for this indicator are very accurate, and if we react to any level or break it after confirmation, we can expect a good move.
Ethereum's dominance is also in compression and is surrounded by a lot of support and resistance. It is expected that there will be strong fluctuations in the market at the beginning of the new week. The resistance support levels considered for this indicator are very accurate, and if we react to any level or break it after confirmation, we can expect a good move.
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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.