Ethereum operates in the most significant position form the technical point of view as it's trading within the “take-off” area of the latest leg high. The crypto coin will need to keep this range to prevent the other bear signal. Momentum is significantly oversold, and we continue to anticipate the bear trend to resume, so long-term investors could still add to their short positions, with support found at price level $325, while stop is at $487, and T/P 217.0.
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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.