$ETH is testing the 2,000 area. Binance spot, about 07:58 GMT.
Price: 2,069, down about 2.3% in 24 hours.
Yesterday it dipped to 2,006, just above the round 2,000 level, before bouncing.
Support: 2,000 to 2,010. Below that there's little nearby, so a clean break would matter.
Resistance: 2,118 (yesterday's high), then 2,160 (the 9 November high), then 2,240 to 2,250, where price sat for most of last week. The 20-day average is near 2,276.
Since the 4 November high near 2,450, ETH has given back about 15%.
Holding 2,000 keeps the range intact. A daily close above 2,160 would be the first sign that buyers are back.
Not financial advice.
#ETH #Ethereum #TechnicalAnalysis #Binance #BinanceSquare
Price: 2,069, down about 2.3% in 24 hours.
Yesterday it dipped to 2,006, just above the round 2,000 level, before bouncing.
Support: 2,000 to 2,010. Below that there's little nearby, so a clean break would matter.
Resistance: 2,118 (yesterday's high), then 2,160 (the 9 November high), then 2,240 to 2,250, where price sat for most of last week. The 20-day average is near 2,276.
Since the 4 November high near 2,450, ETH has given back about 15%.
Holding 2,000 keeps the range intact. A daily close above 2,160 would be the first sign that buyers are back.
Not financial advice.
#ETH #Ethereum #TechnicalAnalysis #Binance #BinanceSquare
