COINBASE:ETHUSD   Ethereum
Hello Traders, Today double top and double bottom chart pattern formation were seen on the ETH/USD 15 minute timeframe. I think that after this ETH will bounce back to $2785 or $2800 level again and from that level, we can see the strong fall down to $2700 or $2690 level in the near time. So, it will be good short trade when it reaches a level of around $2785 to get into the short sell trade. It might cross the $2672 level which is acting as strong support, and if it happens then we can see the strong fall to $2600 to $2548 level. I hope you understand what I want to explain and take a look at some important price level.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.