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Welcome to this ETH/USDT update. ETH is trading inside a symmetrical triangle and currently trading near the lower trendline of the triangle.
EIther we have seen a good bounce from here in ETH or else if it breaks below the triangle then be ready for more dump. As you know most of the altcoins depend on ETH so if ETH bounce from here then many altcoins start bouncing.
ETH has strong support at around $2550, if any daily candle closes below this support then this chart becomes invalid.
IMO it should hold this support and bounce from here.
What do you think?
Tell me in the comment section and share your views.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this ETH/USDT update. ETH is trading inside a symmetrical triangle and currently trading near the lower trendline of the triangle.
EIther we have seen a good bounce from here in ETH or else if it breaks below the triangle then be ready for more dump. As you know most of the altcoins depend on ETH so if ETH bounce from here then many altcoins start bouncing.
ETH has strong support at around $2550, if any daily candle closes below this support then this chart becomes invalid.
IMO it should hold this support and bounce from here.
What do you think?
Tell me in the comment section and share your views.
If you like this idea then do support it with like and follow.
Thank You!
