Ethereum is looking to fall

٥ يونيو ٢٠٢٣

Hi guys, let's review the current situation for ETHUSDT on 4 hour price chart.

If we look at the ETH price chart we can clearly see two strong levels between which ETH price is fluctuating.
There is strong support area at 1782-1760 price, this area ETH price alerady tested twice. And there is strong resistance area at 1919-1930 price, this area is also being tested by ETH.
It seems that ETH doesn't have enough power to go higher than resistance area and most likely scenario here is that it will go down to test support area and probably will break it and plunge further.
Overall I don't see any sings that ETH has strength to go up and most likely we'll see decline for the next few month.

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Many thanks.

٦ يونيو ٢٠٢٣

ملاحظة

As was expected ETH price touched support area at 1780 and after that it went for correction. It might correct some more but i don't expect big correction and think that price will slip further down.