Welcome folks to this important Ethereum update. In this chart, I am gonna analyze the ETH market in 2 days timeframe.
The current scenario of ETH doesn't look good but as of now, there's nothing to worry about. ETH may have fallen down but it is still in between the support level of $2600 to $2900. Until and unless ETH stays above these levels, we still have a chance. All we need to worry about or keep an eye on will be the $2300 price level. If ETH breaks below this level then things may for wrong for ETH and the market as well.
We will get a more clear picture of the market after the weekly close. So, stay alert and trade wisely. I am taking my chances and holding some of my spot positions and I will only exit if ETH breaks below the support. Let us see what the daily and weekly close brings this time.
Do share your views, guys. Let me know what you think.
Like and follow for more interesting updates.
Trade safely.
The current scenario of ETH doesn't look good but as of now, there's nothing to worry about. ETH may have fallen down but it is still in between the support level of $2600 to $2900. Until and unless ETH stays above these levels, we still have a chance. All we need to worry about or keep an eye on will be the $2300 price level. If ETH breaks below this level then things may for wrong for ETH and the market as well.
We will get a more clear picture of the market after the weekly close. So, stay alert and trade wisely. I am taking my chances and holding some of my spot positions and I will only exit if ETH breaks below the support. Let us see what the daily and weekly close brings this time.
Do share your views, guys. Let me know what you think.
Like and follow for more interesting updates.
Trade safely.
