ETH: Still bearish
ETHUSDT right now is still in a downtrend, and with a strong resistance above it.
ETHUSDT is at the 2K resistance and to further reinforce the bearish bias:
I believe we are in a new range for ETHUSDT with the upper resistance at 2K and the lower support at 1.4K, other s/r can exist within the range.
Considering the last time we were in this range it took 67 days to breakout, we need further consolidation before anything can happen on the upside.
Most probably we will be hitting the 1.4K support a few times in the next coming days.
ETHUSDT is at the 2K resistance and to further reinforce the bearish bias:
- Below the Ichimoku cloud
- Below the 180 EMA
- Still in a downtrend
I believe we are in a new range for ETHUSDT with the upper resistance at 2K and the lower support at 1.4K, other s/r can exist within the range.
Considering the last time we were in this range it took 67 days to breakout, we need further consolidation before anything can happen on the upside.
Most probably we will be hitting the 1.4K support a few times in the next coming days.
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