$ETH /USDT - 4H Update
$ETH is currently trading around $2,128, down 4.97%. After the drop from $2,450, the price has yet to recover and has come close to the low at $2,060.
Here’s the current market situation:
If support at $2,060 holds, the price could bounce from here to $2,209, where the Bollinger mid-band is also located.
But if $2,060 breaks, the price could fall further.
The RSI is currently at 32.15, which means sellers are strong, but the price is nearing oversold territory. The Supertrend is still showing resistance at $2,232, so moving higher looks difficult for now.
What would you do? Wait for a bounce at this support, or look for a lower target if it breaks?
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If this analysis helped you, a small Tip is appreciated 🙏
#ETH #Ethereum #Crypto
$ETH is currently trading around $2,128, down 4.97%. After the drop from $2,450, the price has yet to recover and has come close to the low at $2,060.
Here’s the current market situation:
If support at $2,060 holds, the price could bounce from here to $2,209, where the Bollinger mid-band is also located.
But if $2,060 breaks, the price could fall further.
The RSI is currently at 32.15, which means sellers are strong, but the price is nearing oversold territory. The Supertrend is still showing resistance at $2,232, so moving higher looks difficult for now.
What would you do? Wait for a bounce at this support, or look for a lower target if it breaks?
Follow for daily BTC updates.
If this analysis helped you, a small Tip is appreciated 🙏
#ETH #Ethereum #Crypto
