HelenP. I Ethereum can break trend line and fall to $2140 level

23 дек. 2023 г.

Hi folks today I'm prepared for you Ethereum analytics. Some days ago, the price declined below a support level, which coincided with the support zone, where later it reached the trend line. After this, ETH rebounded and in a short time rose higher than the 2000 level with zone and soon entered to consolidation, where the price reached the resistance level, which coincided with the resistance zone. Some time ago, Ethereum entered to this zone, but soon it around down and fell to the trend line. After this movement, the price started to rise between this line, and in a short time it rose to the resistance level again. But a not long time ago ETH rebounded down from this level and at the moment price trades near the trend line inside consolidation. For my mind, the price can grow a little more and then bounce down to the bottom part of the consolidation, thereby breaking the trend line. That's why I set up my target at the 2140 level, which coincided with this part. If you like my analytics you may support me with your like/comment ❤️