$ETH Facing Strong Rejection Again ... Bears Taking Control
ETH failed to hold above 2,410 and is now slipping towards 2,389.
The rejection from 2,450 shows sellers are still active, while buyers are struggling to maintain the recovery.
For now, 2,360 is the next important support. If that breaks, we could see another correction towards 2,310 – 2,300.
A strong recovery above 2,410 – 2,450 would bring bulls back into the game.
Still some downside pressure ... But not the time to ignore support.
Trade carefully and use stop loss.
$ETH
ETH failed to hold above 2,410 and is now slipping towards 2,389.
The rejection from 2,450 shows sellers are still active, while buyers are struggling to maintain the recovery.
For now, 2,360 is the next important support. If that breaks, we could see another correction towards 2,310 – 2,300.
A strong recovery above 2,410 – 2,450 would bring bulls back into the game.
Still some downside pressure ... But not the time to ignore support.
Trade carefully and use stop loss.
$ETH
