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#Ethereum : Technical analysis and key support levels
The 12-hour chart shows a breakdown of the Short structure. The maximum Short can be completed up to $2,593.89.
However, the higher timeframe (3D) shows a breakdown of the Long structure, which indicates a possible price recovery after the correction.
Key support levels:
$3,000 is an important support level. The liquidity map shows significant liquidity in this range, making it a key area for a possible stop in the decline.
$3,195.84 is a level that should also be considered as support.
$2,930.43 is an additional level that can hold the price.
Liquidity map:
Significant liquidity is collected in the $3,000 range, confirming it as a key level to watch.
Capital entry and exit:
$61.48 million Ether was purchased in the range of $2,088 - $2,525.
The average price in this range is $2,343.68, which can also act as a support level.
Recommendation:
Particular attention should be paid to the price range of $3,000, which is an important support level and a possible stop zone for the decline. #ETH
The 12-hour chart shows a breakdown of the Short structure. The maximum Short can be completed up to $2,593.89.
However, the higher timeframe (3D) shows a breakdown of the Long structure, which indicates a possible price recovery after the correction.
Key support levels:
$3,000 is an important support level. The liquidity map shows significant liquidity in this range, making it a key area for a possible stop in the decline.
$3,195.84 is a level that should also be considered as support.
$2,930.43 is an additional level that can hold the price.
Liquidity map:
Significant liquidity is collected in the $3,000 range, confirming it as a key level to watch.
Capital entry and exit:
$61.48 million Ether was purchased in the range of $2,088 - $2,525.
The average price in this range is $2,343.68, which can also act as a support level.
Recommendation:
Particular attention should be paid to the price range of $3,000, which is an important support level and a possible stop zone for the decline. #ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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