Ethereum(ETH): Re-Testing Broken Zone
Ethereum is showing some strong re-testing after the breakdown of local support. Our attention is now at the current re-test and also at the upper resistance zone near $3665, which should be touched only if we see a breakout from the current re-test.
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While Ethereum is still looking weak and making small profits, we are monitoring that 100EMA as we see a good chance of a breakdown happening near that!
If we see that, we will move towards 200EMA, as mentioned previously!
While Ethereum is still looking weak and making small profits, we are monitoring that 100EMA as we see a good chance of a breakdown happening near that!
If we see that, we will move towards 200EMA, as mentioned previously!
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If all plays well, we should see a movement to 200EMA and even a potential breakdown (due to such a high demand for downward movement).