My opinion will change if the price holds above $ 4300

Super_B_XinR Updated   
ETHUSD price has not touched what I consider to be support levels of $3600-3700 once, so I don't think ETHUSD price is already in a downtrend, as of now the price has risen back above $4300, but the market may not be ready to break higher again. According to exchange flows, traders are not in a hurry to sell all assets. For now, the main selling pressure is coming from regular investors, while institutions are still gradually building up positions to consolidate their current favorable advantage.

With prices holding above $4300, my opinion is changing from neutral to cautiously bullish.
Trade active:
Price pullback correction. Resistance levels $4600-4800
Trade active:
Watch for changes in the chart to gain insight into my intentions.
Trade active:
Those who follow this idea may have already made profits, are you still hesitating?


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.