🚨 $ETH Price Analysis 🚨
Ether bounced off the uptrend line on Dec. 31, but the long wick on the candlestick indicates strong selling pressure at the 20-day EMA ($3,469). 📉
If the price closes below the uptrend line, the ETH/USDT pair could drop to $3,200, with the next key support at $3,000. Buyers are expected to step in and defend the $3,000 to $2,850 zone with strong support. 🛑💥
The first sign of strength will be a break and close above the moving averages. 🔑 If this happens, it signals that buyers are stepping in at lower levels. The upside momentum could pick up quickly, especially if the pair breaks above $3,555. 🚀 Keep an eye on this crucial level! 👀
#Ethereum #analises #BinanceCommunity #helpeachother
Ether bounced off the uptrend line on Dec. 31, but the long wick on the candlestick indicates strong selling pressure at the 20-day EMA ($3,469). 📉
If the price closes below the uptrend line, the ETH/USDT pair could drop to $3,200, with the next key support at $3,000. Buyers are expected to step in and defend the $3,000 to $2,850 zone with strong support. 🛑💥
The first sign of strength will be a break and close above the moving averages. 🔑 If this happens, it signals that buyers are stepping in at lower levels. The upside momentum could pick up quickly, especially if the pair breaks above $3,555. 🚀 Keep an eye on this crucial level! 👀
#Ethereum #analises #BinanceCommunity #helpeachother