📈Ethereum analysis, Weekly insight into price behavior📉

ETHUSDT
ETHUSD

• Hello dear traders.
  
• Due to the increase in trading volume in the last candles, I'm going to do some weekly Ethereum analysis.
  
• In the next few days, Ethereum is expected to stabilize around the 1.6K - 1.75K.
  
• If the price breaks below the mentioned area, the price will drop to the level of 1.5K (probably price receive support here) and then 1.2K.
  

✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑

Commentaire:

The recent price candle could be a reversal scenario, if the price consolidates above the Bollinger Midline. Otherwise, it is just a pullback and continuation of the bearish scenario.✍🐱‍👤

Commentaire:

Ethereum failed to stabilize above the uptrend line. The possibility of a downward scenario is increasing.
Later today, I will do more analysis on price action✍🐱‍👤