Market Instrument: ETHUSDT
Timeframe: Daily
Analysis: Technical
Structure: Support and Trend line Breakout
Prediction: Bearish
With the previous analysis was expecting the price to show up a reversal and by now the trend line and looked over support has breached with a strong bearish trend. While the fact of invalidating the previous analysis I am looking into a support level holding at $1700 where it seems very important at this stage with an expectation of a further decline in prices for ethereum.
Timeframe: Daily
Analysis: Technical
Structure: Support and Trend line Breakout
Prediction: Bearish
With the previous analysis was expecting the price to show up a reversal and by now the trend line and looked over support has breached with a strong bearish trend. While the fact of invalidating the previous analysis I am looking into a support level holding at $1700 where it seems very important at this stage with an expectation of a further decline in prices for ethereum.