$ETH testing the $2,472.77 level after the drop extension toward $2,420.00. The nearest break and resistance zone is located at $2,540.00.
• Zone: defend the reabsorption area between $2,420.00 and $2,460.00 on this 4H candle.
• Invalidation: a close below the key support ($2,420.00) enables the drop toward $2,380.00.
• Target: bounce back to the immediate recovery level at $2,540.00.
Does it hold the defense at $2,420.00 or does it accelerate the fall to the bottom of the range? 📈
#ETH
• Zone: defend the reabsorption area between $2,420.00 and $2,460.00 on this 4H candle.
• Invalidation: a close below the key support ($2,420.00) enables the drop toward $2,380.00.
• Target: bounce back to the immediate recovery level at $2,540.00.
Does it hold the defense at $2,420.00 or does it accelerate the fall to the bottom of the range? 📈
#ETH