Will ETH gain enough strength to surpass the 2400 level?
In the last 10 days we saw ETH recovery from 1715 to 2390.
But if we want to forecast it’s future move we have to see how this recovery happened.
- It began strong - $570 in 4 days
- it then continued with a little bit leas strength - $372 in 2 days making a slightly higher high and then another downside move.
- Now it’s going back up, but if there will be an upside continuation we should see a stringer move.
As of right now we don’t see much strength or any buying pressure.
The levels before 2400 present a good opportunity for collecting profits and possibly new entries on a breakout, or after a correction.
But if we want to forecast it’s future move we have to see how this recovery happened.
- It began strong - $570 in 4 days
- it then continued with a little bit leas strength - $372 in 2 days making a slightly higher high and then another downside move.
- Now it’s going back up, but if there will be an upside continuation we should see a stringer move.
As of right now we don’t see much strength or any buying pressure.
The levels before 2400 present a good opportunity for collecting profits and possibly new entries on a breakout, or after a correction.
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💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
