$ETH ETH Testing Support – Is the Dip Over? 📉

​The 1-hour chart is looking spicy! After a sharp drop from the $2,350 range, Ethereum is currently sitting at $2,202, down about 5.8%.

​The Good:

We just saw a bounce off the $2,166 level.

​The Bad:

We’ve broken below the MA(7), MA(25), and MA(99) on the hourly, which usually signals a bearish trend in the short term.

​The Play:

Keep an eye on that $2,160 support. If it holds, we might see a relief rally. If it breaks, things could get colder.

​Are you buying this dip or waiting for $2,100? 👇

​#ETH #CryptoTrading #Ethereum #BinanceSquare

ETH

2,261.8

-0.22%