$ETH Market Analysis: Is the Big Drop Coming?
On the daily charts, the 2870 region we mentioned in the morning was reached, but the price went down to 2810 with the lower wick. This caused us to identify the 2810 level as the new support point.
Indicators have not yet entered the oversold zone, which increases the possibility of the price touching the 2810 region once again.
It may make sense to take partial profit (TP1) at this level. If the price breaks 2810, the next target will be the 2389 region.
However, the probability of reaching this level at once seems low. It is best to manage risk by taking profit in the 2810 area.
Be careful to avoid big drops!
