Why does price often stall even when the news is bullish? It comes down to Support and Resistance.
Looking at $ETH right now, we see it trading around $1872.86 with a slight 24h dip of -0.9%. In technical analysis, "Support" is a price level where a concentration of buying interest acts as a floor, preventing the price from falling further.
When $ETH hits a support zone, buyers step in because they perceive the asset as "cheap" relative to its value. However, if the volume (currently $257M) isn't strong enough to push through the "Resistance" (the ceiling of sellers), the price bounces back down. Smart traders don't just look at the price; they look for a high-volume break of these levels to confirm a real trend change.
Do you prefer trading the bounce at support or waiting for a confirmed breakout?
#CryptoTrading #TechnicalAnalysis
We openly share the real results of every algo signal; check our bio for the full live track record and a free preview channel.
Looking at $ETH right now, we see it trading around $1872.86 with a slight 24h dip of -0.9%. In technical analysis, "Support" is a price level where a concentration of buying interest acts as a floor, preventing the price from falling further.
When $ETH hits a support zone, buyers step in because they perceive the asset as "cheap" relative to its value. However, if the volume (currently $257M) isn't strong enough to push through the "Resistance" (the ceiling of sellers), the price bounces back down. Smart traders don't just look at the price; they look for a high-volume break of these levels to confirm a real trend change.
Do you prefer trading the bounce at support or waiting for a confirmed breakout?
#CryptoTrading #TechnicalAnalysis
We openly share the real results of every algo signal; check our bio for the full live track record and a free preview channel.