ETH rally in December is quite impressive, with the price almost double in half a month. As you guys can see, in the chart, after failing to push above $160 level, the downtrend is also very straightforward. pin bars are obvious each day. I expect there's still some downside room and major support stands at 110 level, where traders would focus on the price action and probably there's some bounce.
also noticeable is that fact trading volume keeps dropping due to holiday reasons. I suggest trader should keep a low position in the market.
also noticeable is that fact trading volume keeps dropping due to holiday reasons. I suggest trader should keep a low position in the market.
Trade active:
trading active with stop loss 125. Pin bar remerge.
