This analysis is an update of the analysis you see in the "Related publications" section
Ethereum has now reached a support zone after sweeping the liquidity pool and the supply area at the top of the chart, as marked in the previous analysis. It has lost the trendline, and a slight upward recovery is expected before potentially being rejected again toward lower levels.
A daily candle closing above the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Ethereum has now reached a support zone after sweeping the liquidity pool and the supply area at the top of the chart, as marked in the previous analysis. It has lost the trendline, and a slight upward recovery is expected before potentially being rejected again toward lower levels.
A daily candle closing above the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
The price pumped from the two green lines as outlined in the previous analysis and reached the red zone.Please note that this red zone is a decision-making area for Ethereum. If the price consolidates within this zone, it could move toward the higher supply zones on the chart. The market is currently in a sensitive area, so enter positions with caution.
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Related publications
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.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Related publications
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.