CM_Trades

ETH holding up well so far...$250 on the cards?

COINBASE:ETHUSD   Ethereum
  • Ethereum has held up well so far holding that $205 level all weekend
  • This support OB remains a very strong level
  • ETH has been riding the EMA for a few days now acting as support but a break and close below would be very bearish
  • If this does happen, we will most likely see a test of the demand zone below possibly hitting sub-200 again
  • This level would need to hold or we could very well see another run at yearly lows
  • For bulls, a break above the supply zone would signal a very bullish push back up to $250

Thanks guys!

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