Ethereum (ETH) - June 29 (1W)

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In the week that included June 15, ETH did not rise above the downtrend line (3).

Bollinger Bands are converging.

You need to make sure you can get support at 210.65.

In addition, it is necessary to check whether it can rise above the 232.90 point.

If you fall from the 210.65 point, you are likely to touch the 163.50 point.
Then, it is expected to do sideways near the 192.50 point.

If support can be reached at 232.90, it is expected that there will be a rise to break the downtrend line (3).

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** Check support, resistance and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee profit or loss on investment.

Description of abbreviations shown in chart
R: A resistance point or section where a response is needed to preserve revenue
S-L: Stop-Loss point or section
S: A point or section that can be purchased for profit generation as a support point or section

Comment:

(1h chart)

Bollinger Bands are converging and touching the top.

(1D chart)

Bollinger Bands haven't converged yet.

If you continue to support and make sideways at 226, it is expected to rise above 232.90 in a few days.

If you don't get support at 226, you're likely to touch 210.65, and if you get support, I think you're likely to sideways in the 210.65 to 232.90 area.

Comment:

Comment:

You need to make sure you can get support at point 232.
You should also check if it can rise above the downtrend line (3).