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Ethereum Struggles Below $3K – Another Failed Rally Ahead?
Over the past few months, Ethereum has been a disappointment for bulls, struggling to maintain momentum.
Despite Bitcoin testing its all-time highs,ETHUSD has consistently rolled back from the 4K resistance, forming lower highs along the way.
Bitcoin’s recent drop to 90K triggered a sharp decline in ETH, pushing it down to the critical 2.1K support zone.
While the price is currently rebounding, I believe this recovery will likely turn into another failed rally.
My bias remains bearish on ETH/USD as long as the price stays below 3K. I’m looking to sell rallies into that zone.
Only a sustained breakout above $3,200 with strong buying pressure would invalidate this bearish outlook.
Despite Bitcoin testing its all-time highs,
ETHUSD has consistently rolled back from the 4K resistance, forming lower highs along the way.Bitcoin’s recent drop to 90K triggered a sharp decline in ETH, pushing it down to the critical 2.1K support zone.
While the price is currently rebounding, I believe this recovery will likely turn into another failed rally.
My bias remains bearish on ETH/USD as long as the price stays below 3K. I’m looking to sell rallies into that zone.
Only a sustained breakout above $3,200 with strong buying pressure would invalidate this bearish outlook.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.