Welcome folks to this ETH update.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
ETH has not shown any drastic change in the price. For the last two days, ETH is trending between $2554 to $2653 which could possibly be an accumulation zone. It is also important to see that ETH is trending below the 21 MA which makes it a little uneasy to take a long entry. Now, to enter long on ETH, it is important for ETH to break through the 21 MA and the support level drawn in the chart. I am already holding ETH on spot and I will enter leverage trade on ETH if it breaks out or if it dips back to our previous entry-level ($2380 to $2470).
In this kind of scenario, the market either takes a quick jump or a quick drop. So, be extra cautious with your trades.
I hope this idea was valuable to you. Do like, follow and share this update with as many traders as possible.
Thank you.
If you are viewing my post for the first time then do hit the like button and graciously follow as well. I share updates on the crypto market including margin trading, futures, spot, and scalping. All ideas are my biased opinion and I invest in my own risk. I don't force anyone to buy or sell, I simply share my ideas absolutely for free and it is your sole decision whether to trade on it or use it to understand the market.
ETH has not shown any drastic change in the price. For the last two days, ETH is trending between $2554 to $2653 which could possibly be an accumulation zone. It is also important to see that ETH is trending below the 21 MA which makes it a little uneasy to take a long entry. Now, to enter long on ETH, it is important for ETH to break through the 21 MA and the support level drawn in the chart. I am already holding ETH on spot and I will enter leverage trade on ETH if it breaks out or if it dips back to our previous entry-level ($2380 to $2470).
In this kind of scenario, the market either takes a quick jump or a quick drop. So, be extra cautious with your trades.
I hope this idea was valuable to you. Do like, follow and share this update with as many traders as possible.
Thank you.
