$ETH has broken below the 2,400 level.
Let’s talk about what lies behind this number.
Previous highs and lows are common key price levels: past instances of prices failing to rise or finding support at those levels can influence buying and selling when they return.
When the price repeatedly crosses above and below a key level, traders on both sides can get shaken out. It’s often best to stay on the sidelines until the direction becomes clear.
Don’t place an order during the sharpest swing; wait for the price to settle before deciding.
#ETH
Let’s talk about what lies behind this number.
Previous highs and lows are common key price levels: past instances of prices failing to rise or finding support at those levels can influence buying and selling when they return.
When the price repeatedly crosses above and below a key level, traders on both sides can get shaken out. It’s often best to stay on the sidelines until the direction becomes clear.
Don’t place an order during the sharpest swing; wait for the price to settle before deciding.
#ETH