tmsarn

ETH/USD-short-TRADE IDEA

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
Analysis: ETH did a nice performance to the upside, and it created a bit of a FOMO effect for some individuals. People with the feeling of missing out the price momentum are usually latecomers, and they will bring some exit liquidity for those who bought early. On the technical side, we have 2 key price zones on the market where we had a lot of buyers and sellers. The 3000$ is definitely a strong resistance on the market (people are taking profit, selling coins those who bought early), and the 1800$ level is a strong support zone (people think that the price is cheap and they are tying to push the price to another ATH). Once these levels will be broken we will have some large price movements on the market. I bet on the downside movement since the fundamentals are bad.
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