Right now, Ethereum is at the third touch on the descending (resistance) trendline.
Usually, when we reach the third touch, the price tends to fall.
We’re currently below the major resistance level at 4877, and in my opinion, on the monthly and three-month timeframes, the price doesn’t have enough strength to break through this level yet.
A correction is needed before we can break it.
That’s why at the moment, I’m more inclined toward short positions.
If you like the idea, please put a ‘like’. It's the best ‘Thank you!’ 😊 P.S. Always do your own analysis before a trade. Set a stop loss. Capture profits in instalments. Withdraw profits in fiat and make yourself and your friends happy.
Usually, when we reach the third touch, the price tends to fall.
We’re currently below the major resistance level at 4877, and in my opinion, on the monthly and three-month timeframes, the price doesn’t have enough strength to break through this level yet.
A correction is needed before we can break it.
That’s why at the moment, I’m more inclined toward short positions.
If you like the idea, please put a ‘like’. It's the best ‘Thank you!’ 😊 P.S. Always do your own analysis before a trade. Set a stop loss. Capture profits in instalments. Withdraw profits in fiat and make yourself and your friends happy.
Trade active
time to short 
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👑 Приєднуйтесь до крипто спільноти 🇺🇦☝️
👑 Приєднуйтесь до крипто спільноти 🇺🇦☝️
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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.
👑if you want to join a private community to follow my trades, explore trading plans and chat with real traders 👉 bit.ly/AdminKeps
👑 Приєднуйтесь до крипто спільноти 🇺🇦☝️
👑 Приєднуйтесь до крипто спільноти 🇺🇦☝️
Related publications
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.