CrazyS

📈Ethereum analysis, Weekly insight into price behavior📉

Long
CrazyS Updated   
BINANCE:ETHUSDT   Ethereum / TetherUS
ETHUSDT
ETHUSD

  • Hello dear traders.
  • Due to the increase in trading volume in the last candles, I'm going to do some weekly Ethereum analysis.
  • In the next few days, Ethereum is expected to stabilize around the 1.6K - 1.75K.
  • If the price breaks below the mentioned area, the price will drop to the level of 1.5K (probably price receive support here) and then 1.2K.
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Comment:
The recent price candle could be a reversal scenario, if the price consolidates above the Bollinger Midline. Otherwise, it is just a pullback and continuation of the bearish scenario.✍🐱‍👤
Comment:
Ethereum failed to stabilize above the uptrend line. The possibility of a downward scenario is increasing.
Later today, I will do more analysis on price action✍🐱‍👤

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