Real-time analysis of $ETH H.. Has the correction ended at the levels of 2360? 📉
By taking a quick look at the 15-minute chart of Ethereum, we notice a sharp decline of approximately 3% from today's peak of $2,427.
Key technical observations:
📍 Volume: We have seen a significant increase in selling trading volumes during the recent candles, indicating the temporary control of the "bears" over the price movement.
📍 Support and resistance: The price is now approaching an important instant support area at $2,350. Staying above this level is very crucial to retest the moving averages again.
📍 Indicators: Breaking below the MA7 and MA25 lines gives a "wait" signal for day traders until we see a clear green reversal candle.
In summary:
The market is currently undergoing a "liquidation" phase of open positions and quick profit-taking. It is advisable to monitor the upcoming close above $2,380 to regain positivity.
What are your expectations for the daily close? Will we return above $2,400 soon? 👇
#ETH🔥🔥🔥🔥🔥🔥 #Ethereum #CryptoAnalysis" #Write2Earn
By taking a quick look at the 15-minute chart of Ethereum, we notice a sharp decline of approximately 3% from today's peak of $2,427.
Key technical observations:
📍 Volume: We have seen a significant increase in selling trading volumes during the recent candles, indicating the temporary control of the "bears" over the price movement.
📍 Support and resistance: The price is now approaching an important instant support area at $2,350. Staying above this level is very crucial to retest the moving averages again.
📍 Indicators: Breaking below the MA7 and MA25 lines gives a "wait" signal for day traders until we see a clear green reversal candle.
In summary:
The market is currently undergoing a "liquidation" phase of open positions and quick profit-taking. It is advisable to monitor the upcoming close above $2,380 to regain positivity.
What are your expectations for the daily close? Will we return above $2,400 soon? 👇
#ETH🔥🔥🔥🔥🔥🔥 #Ethereum #CryptoAnalysis" #Write2Earn