๐ด Ethereum: False Breakout or the Start of a New Sell-Off?
ETH is trading near 2,370$ after a sharp drop and a break below the 2,400$ area, with clear selling pressure on the chart.
๐ Bearish scenario:
If the price settles below 2,400$ and fails to reclaim it, we could see the decline continue toward lower support levels.
๐ข Bullish scenario:
If the price quickly reclaims 2,400$ and closes above it, the current break could be a false breakout, with a potential rebound.
โ ๏ธ Key levels:
- 2,400$ โ a level that needs to be reclaimed.
- 2,663$ โ major resistance.
- 2,800$ โ higher resistance.
The question now: is this just a false breakout to gather liquidity, or the start of a new downtrend?
What do you expect? A near-term rebound or further bleeding? ๐
#CryptocurrencyWealth #ETH #CryptoNewss #EthereumNews #BinanceSquare
ETH is trading near 2,370$ after a sharp drop and a break below the 2,400$ area, with clear selling pressure on the chart.
๐ Bearish scenario:
If the price settles below 2,400$ and fails to reclaim it, we could see the decline continue toward lower support levels.
๐ข Bullish scenario:
If the price quickly reclaims 2,400$ and closes above it, the current break could be a false breakout, with a potential rebound.
โ ๏ธ Key levels:
- 2,400$ โ a level that needs to be reclaimed.
- 2,663$ โ major resistance.
- 2,800$ โ higher resistance.
The question now: is this just a false breakout to gather liquidity, or the start of a new downtrend?
What do you expect? A near-term rebound or further bleeding? ๐
#CryptocurrencyWealth #ETH #CryptoNewss #EthereumNews #BinanceSquare