Salaam
After breaking the trend line, ETH is in a descending parallel channel.
2950 is a key level that broke and retested.
I expect more bearish action minimum to 2600 area that intersects with 38 FIBO of the last daily upside impulse.
2350 is the next support if 2600 not keep.
I placed another sell order at 2935.
Good luck
After breaking the trend line, ETH is in a descending parallel channel.
2950 is a key level that broke and retested.
I expect more bearish action minimum to 2600 area that intersects with 38 FIBO of the last daily upside impulse.
2350 is the next support if 2600 not keep.
I placed another sell order at 2935.
Good luck
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Here is 5m chart:
This rise is a result of the falling channel.