Ethereum can make little movement down and then start to grow

١٨ ديسمبر ٢٠٢٣

Hello traders, I want share with you my opinion about Ethereum. By observing the chart, we can see that the price a few days ago price declined to mirror line, thereby breaking the support level, which coincided with the buyer zone. But later ETH rebounded from this line and in a short time rose higher than the 2070 level, breaking it again. Next, the price continued to move up to the resistance level, which coincided with the seller zone, but after it reached this level, ETH cat once corrected to the mirror line. Then Ethereum rebounded from this line and rose higher than the resistance level with the seller zone. But soon the price around down and in a short time fell back and even later continued to decline inside the downward channel. In the channel, ETH fell to the support line and then rebounded and rose to the seller zone, but recently it fell back, making a fake breakout of the 2300 level. At the moment ETH continues to trades in a downward channel and I think that the price can make a little movement down and then rebound up to the resistance line of the channel. For this reason, I set my target at the 2250 level, which coincided with this line. Please share this idea with your friends and click Boost 🚀