ETHUSDTPERP PERPETUAL MIX CONTRACT
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#ETH Key Support?

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📊#ETH Key Support?

🧠From a structural perspective, we've broken below the support zone formed by two necklines, thus reducing my expectations for further upward momentum. 2200 has transformed from support into resistance; the extreme resistance zone to watch is the blue area above.

➡️Short-term support worth noting is around 1990, with more conservative support around 1955, and extreme support around 1908.

➡️Similarly, while I'm bearish, we need to patiently wait for the price to reach the resistance zone before looking for a short signal.

⚠️Risk management is the only way to survive in this market.

Let's see 👀

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📊#ETH Retests Resistance Zone ✔️

🧠From a structural perspective, we've retested the resistance zone around 2200. Multiple touches of this resistance have resulted in pullbacks, indicating its strong resistance. Only a strong breakout and consolidation above this zone will allow us to be bullish! The next resistance level is around 2300, with extreme resistance around 2377.

➡️Short-term support is around 2075, with a good support zone between 1908 and 1955.
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#ETH Update

Reached the support zone around 2075.

I've already locked in some profits.

Will it successfully reach the next support zone?

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