Ethereum — a downward trend to watch out for🔻
As mentioned yesterday, Ethereum’s short-term chart showed downward signs. Unfortunately, these signs have already appeared today, and ETH has broken through multiple support areas in succession!
In just a few hours, ETH broke through three important support lines and fell below the 3,300 support level. Currently, 3,200 points provide some support, but this is only an intermediate support level.
The Ichimoku cloud chart has also turned red in the future, indicating a downward trend. The price has also fallen below the EMA200 moving average on the 4-hour chart, and is only slightly above this key line on the daily chart.
It seems that the situation of "selling on the wind" is about to take place, but in the long run, the overall trend has not changed. It is expected that we can still see a 4k increase in the next few weeks.
However, in the short term, we may experience more declines, falling to the 2,8k level. In the meantime, the 2,8k level must be maintained!
For the practical information of the currency circle, click on the avatar to follow me, the deployment of the 100-fold potential currency in the bull market, and the daily spot strategy!
