ETH - Entering Key Zone

8월 5일

Ethereum has had a massive collapse today as Jump crypto faces some sort of issues. This has lead to over a 20% decline in a single day, but has also lead us to the most important level of price action for ETH to hold (especially with candle bodies on HTF). This zone ranges between $2,000-$2,150 with about $2,100 being the key level of interest.

Here are some previous posts where Viaquant has outlined the importance of this level:https://www.tradingview.com/chart/ETHUSDT/zxe8QCPG-ETH-Ready-to-Reverse/

https://www.tradingview.com/chart/ETHUSDT/Wl71qzwT-Eth-Attempting-to-breakout-of-bullflag/

https://www.tradingview.com/chart/ETHUSDT/ldJ6pRYk-ETH-Short-Term-Analysis/