Why is there a surge if this support of 3386 -3456 is not be broken? The previous article told you that Ethereum has fallen back to the previous intensive buying zone occuring before May 20. Why is the recent market movement is so unfavorable for trading? Because Ethereum has fallen back to the previous intensive buying zone, preventing a further decline. At the same time, Bitcoin has been dropping slowly for a long time since there is no effective support, making Ethereum fail to make big movments so it is not much profitable for going long and short. And there are obvious signs of slightly breaking the previous low to clear the long orders and stop losses, so this position is relatively sensitive. If it does not fall below, the bottom line of the rising channel will be established, and then there will be a round of structural rise.
And there are obvious signs that ETH slightly broke through the previous low to sweep away the longs and stop losses for long orders, so this support level is a key zone. If ETH does not fall below this support, then the bottom line of the rising channel pattern will be formed, and then it will be a wave of structural upward trend.#MegadropLista #BinanceTournament #CryptoTrading.
