Ethereum could not break the resistance of $1220!

28 de nov. de 2022

After Ethereum could not break the resistance of $1220 within its short-term ascending channel, fluctuations continued under this resistance for several hours until today both the floor of the ascending channel and the support of $1200 were broken by creating selling pressure in the market. The decline has continued to the $1,160 range, but the support in the $1,140-$1,150 range for Ethereum could be met with a positive reaction. Also, Ethereum's second support is considered in the $1100 range, and we can expect a short-term return if we see signs of support. Otherwise, there is a possibility of increased selling pressure and further decline towards lower supports.