Ethereum - Intraday - We look to Sell a break of 3038 (stop at 3131)
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 3050, which will confirm the bearish sentiment.
Short term bullish momentum has stalled.
A lower correction is expected.
The medium term bias remains bullish.
Our profit targets will be 2777 and 2717
Resistance: 3200 / 3300 / 3400
Support: 3050 / 2950 / 2900
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Further downside is expected, however, due to the strong support below we prefer to sell a break of 3050, which will confirm the bearish sentiment.
Short term bullish momentum has stalled.
A lower correction is expected.
The medium term bias remains bullish.
Our profit targets will be 2777 and 2717
Resistance: 3200 / 3300 / 3400
Support: 3050 / 2950 / 2900
Trade closed: stop reached
