Ethereum is approaching a support level.
The risk-to-reward ratio is not very attractive since we are in a bearish trend, but we expect a reaction to the green zone.
There are two targets ahead of the price, which we have marked on the chart.
A daily candle closing below the invalidation level will invalidate this analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
The risk-to-reward ratio is not very attractive since we are in a bearish trend, but we expect a reaction to the green zone.
There are two targets ahead of the price, which we have marked on the chart.
A daily candle closing below the invalidation level will 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
Still ValidIn all the Ethereum analyses we published over the past days and weeks, we identified the $1,993 to $1,863 range as Ethereum’s support and stated that a rebound to the upside was expected from this zone.
However, in higher time frames, the structure remains bearish.
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Disclaimer
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🔆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
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.