Short-Term-Sell-Off.
ETH needs to return to the area above $120 to mitigate the bearish pressure, however, this ultimate target is out of reach as long as ETH stays under $114 resistance level.
On the downside, the 1st support is at $110, which is the lowest level of the recent channel. It's followed by November 27th low at $100.89 and critical $100.
The RSI stays close to the oversold territory and points downward, which implies that more sell-off is likely within the short-term time frame.
On the downside, the 1st support is at $110, which is the lowest level of the recent channel. It's followed by November 27th low at $100.89 and critical $100.
The RSI stays close to the oversold territory and points downward, which implies that more sell-off is likely within the short-term time frame.
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