Currently #ETHUSDT Trading at 4H Support Level. 1️⃣ If $2160 level breaks, ETH could drop to $1,750 (Scenario 1) 2️⃣ But if price bounces off $2,160, we could see a 5-10% relief rally. ( Scenario 2 )
My view: - Bearish below $2,240 - SUPER bearish if $2,160 breaks!
Overall, #ETH is standing on thin ice at a very crucial support zone. One break could lead to a cascade of selling.
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.