Ethereum Chart Technical Analysis
ETH
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.
Trade safe!
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.
Trade safe!
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