ETH bottoms out

2022년 10월 14일

After the second test of support at 1220, a pin bar appeared. While there has been a rebound as a result, it has yet to reverse the bearish trend. It is possible that it is just a step back after breaking the trend line (blue line), and the price has the opportunity to continue to decline.
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If ETH closes above the trendline (blue line) and 1356.30, there will be a chance to challenge the main resistance area around 1440 (which is also the location of two major price increases) and the downtrend line from the high of 2031.39.
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