price action ethereum technical analysis

Jun 14, 2023

Ethereum technical analysis

In the daily chart, Ether could not break the resistance of $1920 and fell from this area with the formation of a double ceiling pattern. Ethereum's uptrend line was broken due to prevailing market conditions and the bears were able to drop the price below the $1750 support level.

If the selling pressure continues, the bears could take Ether below the main support level of $1,700 and then $1,580. Otherwise, with signs of upside, there is a possibility of Ether growing to the resistance levels of $1,780 and then $1,900. has it

Major supports: $1,700 and $1,580
Major resistances: $1,890 and $2,000

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