ETHEREUM: STILL HOLDING THE SUPPORT.

20 окт. 2022 г.

ETH is doing good so far. Although it is holding the $1260 support level, ETH is still under a bearish pattern. You may call it a bearish pennant or a descending triangle, in both cases, it is bearish. We may see a bounce back to continue with the pattern which will be good for scalping. But unless we see a breakout above $1347, a bullish move will still remain pending. Also, be careful with the breakdown, if ETH makes a move downward then this may change the market scenario.

I hope this update was helpful. Thank you for your support.

Trade safely, guys.