ETH - 2h. We expect a repeat test of $1270.

30 janv. 2021

Yesterday's wild growth of BTC, provoked by tweets, you know who or bitcoin expiration, did not provoke ETH buyers to grow wildly.

The ETHUSD price failed to break the previous liquidity range of $1420-1440. Even the increased trading volumes did not satisfy ETH buyers to take control of the liquid zone, from which the correction began on January 25.

At the moment, sellers are trying to take the initiative and keep the range of $1340-1350 to continue falling to the mark of $1270.

There are two possible scenarios of price movement near this mark. So when sellers hit the mark of $1270 we'll come up with a new idea. However, at the moment the price of ETHUSDT is moving in a falling channel.

Our subjective opinion - while the price of ETH below $1340 correction is not completed. However, the range of $1180-1200 is good for buying ETH, given the risks.
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