ETH/USDT Seems weak but is it?

٢٨ فبراير ٢٠٢٣

Hey, guys ✌️

Another day and another analysis is on the way. ETH has shown some weakness from the last time we looked at it (a week ago). After our last analysis the price has tested several times that lower side of the path where currently, price is trying to breakout and secure that 100EMA zone which seems to be weak currently but at the same time strong as it has been holding price back for the last 2 days!

From here we will be looking more into bearish scenario where for another confirmation we will need two or three 4hr candles to close below that lower side of path.

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Yours Sincerely,

Swallow Team


Disclamer:
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