I think, ETH will follow this blue line in the short term (first the resistance of around 242 and then support, forming a head and shoulders pattern.
Comment:
as expected, it first tested the resistance and then the support...
Disclaimer
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.