ETHUSDT : Range Market

TheNewsCrypto Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
2)Moving Average 150MA
3) Volume Analysis

1) Structure: Lower Low and Lower High

Currently, in the hourly time frame, the price is trading in a Lower Low, and Lower High Structure which means the price is bearish in nature,
However, there is a chance to change the current trading structure which we mentioned as CP in the chart

Change in Polarity (CP): CP means once a Resistance Level is broken then it becomes a Support level for the next trend structure (Change in Polarity 2140$ Level)

2) Moving Average 150MA :

In the hourly time frame price is observed below 150MA, which indicates the structure is still controlled by the Bearish hands

3) Volume Analysis :

The volume declined from May 12 to the current date we analyzed, indicating that there is much less demand at the current level

4) Expectations/Probability

Probability 1: The price can break the $2,140 level and then it could climb to the $2,450 level.
Probability 2: The price can consolidate between the 1740$ - 2140$ level for some more days and then it could move to the higher side
Trade closed: stop reached


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