Ethereum Intraday Technical Analysis:
The bulls are trying to defend the support of 2800, but the distribution is not stopping. The selling volumes at the beginning of American trading session were huge today. My idea is that if the support of 2800 is not held this time with good volumes it will break tomorrow during FOMC and America interest rate announcement and the distribution volume will be so high that it will not be possible to defend.
My target is entry at resistance of 2850 and 2900 with target supports of 2800 and 2600 for tomorrow
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics
The bulls are trying to defend the support of 2800, but the distribution is not stopping. The selling volumes at the beginning of American trading session were huge today. My idea is that if the support of 2800 is not held this time with good volumes it will break tomorrow during FOMC and America interest rate announcement and the distribution volume will be so high that it will not be possible to defend.
My target is entry at resistance of 2850 and 2900 with target supports of 2800 and 2600 for tomorrow
If you like this or if you think the opposite of this or if there is any other opinion, mention it in the comments. I am open to all kind of suggestions and critics