welcome community members in this ETH 4hr chart update.
As we can see from the above-mentioned chart that ETH broke down this triangle pattern in 4hr time frame.
ETH currently holding the green support zone well for the last few days, ETH needs to close above the price level of 1.9k otherwise it will change the market sentiment in the lower time frame.
candle close below the green support zone will lead ETH down towards the price level of 1.4k.
At this market condition, we should wait and avoid long trades otherwise it can be harmful to your assets.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
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.