What happened on BTC also happened on ETH. The fluctuation range is gradually narrowing, and it is possible that one of the bulls and the bears will win the confrontation. On the whole, the bears are stronger, and the price is pushed down to the previous low position by the bearish power after a strong rebound.
Conclusion: Mostly fluctuation and it is more likely to fall than to rise. We maintain the support level at 2360 and the resistance level at 2670. The support level still has strong bullish power, but unlike in the past, bearish power has increased at resistance. In the new week, we believe that the high probability will remain fluctuation. We prefer to bet on the short side if a low-probability event occurs.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Conclusion: Mostly fluctuation and it is more likely to fall than to rise. We maintain the support level at 2360 and the resistance level at 2670. The support level still has strong bullish power, but unlike in the past, bearish power has increased at resistance. In the new week, we believe that the high probability will remain fluctuation. We prefer to bet on the short side if a low-probability event occurs.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
