Ethereum
Short
Updated

Ethereum - 240 - A bit more correction

121
Quick idea.

Ethereum is trying to move below its key support. If it succeeds to push further down, this may lead the crypto to a test of the short-term upside support line. We will only target that area for now, because if it holds, this could be a good opportunity for the buyers to jump in again.

Please see the chart for levels, targets and the alternative scenario.

Don't forget your stop-loss.
Note
Please join our daily live quick technical market overview webinars - Trader’s Espresso and Trader’s Tea Time - on JFD Bank YouTube and Facebook pages.
Trader’s Espresso – 07:00 GMT
Trader’s Tea Time – 14:15 GMT

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.