$ETH Powerful selloff as two coins trend strongly downward. There is support below that may respond; most likely it will retrace back to the breakout point of the drop!
For the brothers who are going long from below, you can first watch how price reacts around the EMA20 moving average. Entry: around 1892. If there’s a rebound, it may turn into a range-bound consolidation; it’s recommended to take profit in advance.
If price holds and stabilizes, it will most likely reach the 1970 area. Brothers, please be patient and wait for the signal, then act accordingly! The brothers who want to short can also wait around the moving-average level. If the rebound is weak, you can use a small position to chase the short. If price drops, watch for it to go to the previous low at around 1800 🚀🚀🚀
For the brothers who are going long from below, you can first watch how price reacts around the EMA20 moving average. Entry: around 1892. If there’s a rebound, it may turn into a range-bound consolidation; it’s recommended to take profit in advance.
If price holds and stabilizes, it will most likely reach the 1970 area. Brothers, please be patient and wait for the signal, then act accordingly! The brothers who want to short can also wait around the moving-average level. If the rebound is weak, you can use a small position to chase the short. If price drops, watch for it to go to the previous low at around 1800 🚀🚀🚀