#ETH ANALYSIS
ETH is currently trading within the horizontal demand zone following a strong rejection from the resistance trendline.
A successful rebound from this key demand area could trigger a strong bullish recovery.
However, a confirmed breakdown below the demand zone could open the door for further downside. Keep a close eye on upcoming price action.
ETH is currently trading within the horizontal demand zone following a strong rejection from the resistance trendline.
A successful rebound from this key demand area could trigger a strong bullish recovery.
However, a confirmed breakdown below the demand zone could open the door for further downside. Keep a close eye on upcoming price action.