FieryTrading

🔥 Ethereum's Last Line Of Defense

BINANCE:ETHUSDT   Ethereum / TetherUS
Just like Bitcoin, Ethereum is experiencing a lot of weakness over the last couple of weeks. However, ETH is still technically in an uptrend.

However, if this bullish trend line breaks, we might face further downside, potentially even the start of a bear market.

Today, all eyes are on the FOMC meeting. With bearish news, we will see further downside and trade bearish along stocks, potentially close the week below the trend line. In case of a bullish reaction, it could be the catalyst for a substantial bounce from this trend line.

In case we close the week below this trend line, we'd be looking at $3000 to hold.

Happy trading!

🎯Official Channel: t.me/FieryTradingChannel

📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free

✅Monster Signals: t.me/monster_cryptosignals

🔥Premium Signals: www.fierytrading.com
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.