Hello to all members of TradingView and my followers.
Ethereum is in a bearish trend on the 4-hour time frame, and the $1,150 and $1,200 supports have also been broken to the downside. For now, we have to wait until the downward slope decreases, and the price stabilizes. Ethereum's following support is in the $1100 range. The pivot point indicator shows weekly pivot resistance in the $1150 range. As the new week has begun, Ethereum will remain bearish as long as this resistance level holds.
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