Ethereum is trading below a key level on the daily timeframe. The red zone is a major flip area, and ETH needs to reclaim and consolidate above this zone to become bullish again.
The bullish trendline has also been lost.
At the moment, Ethereum is trading below both the supportive trendline and the flip zone.
For the market structure to turn bullish again, ETH needs to stabilize above this area.
During the recent bullish move, whose trendline has now been lost, Ethereum tried multiple times to stabilize above the flip zone but failed.
For ETH to successfully reclaim and hold this area, much stronger buying orders are needed and those orders are more likely resting at lower levels, not around the current price region.
If you would like us to analyze a coin or altcoin for you, first like this post, then comment the name of your altcoin below.
What is your opinion about ETH?
The bullish trendline has also been lost.
At the moment, Ethereum is trading below both the supportive trendline and the flip zone.
For the market structure to turn bullish again, ETH needs to stabilize above this area.
During the recent bullish move, whose trendline has now been lost, Ethereum tried multiple times to stabilize above the flip zone but failed.
For ETH to successfully reclaim and hold this area, much stronger buying orders are needed and those orders are more likely resting at lower levels, not around the current price region.
If you would like us to analyze a coin or altcoin for you, first like this post, then comment the name of your altcoin below.
What is your opinion about ETH?
Giao dịch đang hoạt động
The price dropped more than 26% from the marked red flip zone.
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🔥 We provide signals and analysis on Telegram hourly and daily
t.me/iMoney_T
🔥 Exclusive signals are only published on our Telegram channels.
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🔥 High profit futures and spot signals are published only on our Telegram
t.me/iMoney_T
🔥 We provide signals and analysis on Telegram hourly and daily
t.me/iMoney_T
🔥 Exclusive signals are only published on our Telegram channels.
t.me/iMoney_T
🔥 We provide signals and analysis on Telegram hourly and daily
t.me/iMoney_T
🔥 Exclusive signals are only published on our Telegram channels.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.