As expected, ETH/USD experienced a sharp decline last week, revisiting its recent low.
After this sell-off, the price began to recover and has now risen back to the previously broken support level.
However, the rise has been choppy, overlapping, and corrective in nature, indicating that the downtrend may not be over just yet.
A stop hunt above 2400, especially driven by upcoming inflation data, is a possibility. In my opinion, this could present a good opportunity to enter a short position.
That said, if the price reaches 2500, it would invalidate my outlook.
After this sell-off, the price began to recover and has now risen back to the previously broken support level.
However, the rise has been choppy, overlapping, and corrective in nature, indicating that the downtrend may not be over just yet.
A stop hunt above 2400, especially driven by upcoming inflation data, is a possibility. In my opinion, this could present a good opportunity to enter a short position.
That said, if the price reaches 2500, it would invalidate my outlook.
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。