Last week, we thought that although ETH had some distance away from its previous resistance level, it changed to fall with the strengthening of the bears and destroyed the support level at the weekend. The powerful support (2360) will be re-tested. Up close, the bearish power is stronger than BTC. The bulls and bears will make a fierce battle this week.
Conclusion:Mostly fluctuation. Though the bearish power is increasing over the weekend, the support below is also stable. Unlike BTC's fluctuate in a wide range, ETH is likely to fluctuate in a narrow range above the support level. Based on this situation, we adjust the resistance level to 2670 and maintain the strong support level at 2360.
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. Though the bearish power is increasing over the weekend, the support below is also stable. Unlike BTC's fluctuate in a wide range, ETH is likely to fluctuate in a narrow range above the support level. Based on this situation, we adjust the resistance level to 2670 and maintain the strong support level at 2360.
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.
