$ETH Analysis: Is a rebound coming?
ETH is now trading at around $3,193, up 1.03% in the short term. After rising to the resistance level of $3,240, the price has fallen back a bit, and now everyone is eyeing the support level of around $3,185. This situation has brought many opportunities to traders!
Key price levels to pay attention to:
Resistance level: $3,250, where sellers recently made a move and blocked ETH from rising.
Support level: $3,150, if buyers can take back the initiative here, a rebound will be possible.
Trading ideas:
If you are bullish: If ETH can stabilize above the support level of $3,185, then look for opportunities to buy, with a target of $3,240 or higher. Of course, you have to set a tight stop loss below the support level, just in case.
If you are bearish: If it falls below $3,163, it may have to fall further, and the target may be around $3,160 or lower.
ETH's trading volume is quite large now, and it is at a critical moment. Will it continue to be strong or will it go downhill? Let's wait and see!
The test of the bull market is not only the ups and downs of the market, but also the test of our mentality. In the face of account changes, we must remain rational. Next, I will announce the next 10-fold potential coin! It is better to grasp it than to guess blindly! Like + leave a message, free sharing
