Th57Trader

ETH analysis 2 November πŸ€”πŸ”₯πŸ€”πŸ”₯

BINANCE:ETHUSDT   Ethereum / TetherUS
Hi dear traders
ETH is moving in the downtrend channel. The 4300$ resistance is ahead. The market potential is low. It needs to be corrected to move upwards. If 4300$ is not breakout, the price can be returned to the fourth wave, which is the first support area. The main support area is in the range of 4000$. The Bollinger Bands show the 4200$ area for support and the 4394$ resistance indicates that the opening of the bands indicates fluctuations in this range.
Good luck.
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.