[05-03-2023] Forecast ETHUSD Signal
Ethereum is breaking down, which is no surprise given that it loves to follow Bitcoin.
As of now, the $1,600 area is new resistance based on recent closing prices and lows this week.
The monthly open is just above that at $1,605, so keep that in mind.
If ETH bulls can’t reclaim $1,605 in the next few days, we’ll likely see a retest of $1,500 support, and below that is the $1,420 confluence of support.
As of now, the $1,600 area is new resistance based on recent closing prices and lows this week.
The monthly open is just above that at $1,605, so keep that in mind.
If ETH bulls can’t reclaim $1,605 in the next few days, we’ll likely see a retest of $1,500 support, and below that is the $1,420 confluence of support.
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