EthereumShort
Ethereum broken support at 650
Last week, Ethereum failed to push above the descending trendline, and instead moved lower to the 650 level.
On the first touch it bounced up, and had a period of consolidation before pushing and breaking to the downside once again.
What this means for us is that ETH will see a movement down to the 440 price level. It is very likely to bounce there and move upwards, but if it doesn't then we will see even lower prices.
We believe a move to 440 is very likely, and will make a further analysis at that price level.
Do your due diligence before trading.
On the first touch it bounced up, and had a period of consolidation before pushing and breaking to the downside once again.
What this means for us is that ETH will see a movement down to the 440 price level. It is very likely to bounce there and move upwards, but if it doesn't then we will see even lower prices.
We believe a move to 440 is very likely, and will make a further analysis at that price level.
Do your due diligence before trading.
Disclaimer
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.