Zauhki

1850: Buyers Struggle to Lift Price Amidst Intense Selling Press

Short
BINANCE:ETHUSDT   Ethereum / TetherUS
The price has approached the support level at 1850 for the third time, which has been holding it from declining for the past month. Each rebound occurred with a significant increase in buyer activity in the order book (I would say aggressive growth) and a relative absence of sellers.

This price action indicates the presence of a strong selling pressure.

Likely, the buyer may attempt to lift the price from this level once again, but this time, they are unlikely to succeed.

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.