ETH has been performing well so far. With the current price at $3.1k, it is maintaining the support of the 100 EMA. We also have long-term support at $2.7k, which is likely to remain strong in case of any corrections shortly.
For a rally, ETH must break above the resistance ($3.3k), which may lead the price to $4k once again.
The monthly close is just one and a half days away, and historically, May has always been a bearish month, so we should be extra cautious with our trades.
Regards,
Team Dexter.
For a rally, ETH must break above the resistance ($3.3k), which may lead the price to $4k once again.
The monthly close is just one and a half days away, and historically, May has always been a bearish month, so we should be extra cautious with our trades.
Regards,
Team Dexter.
