Crypto analyst tweeted that ETH was testing the neckline after forming double tops.
ETH moves lethargically in the first half of the week but gains momentum in the latter half.
If the bulls push hard, ETH may break the 200-day MA near the neckline.
Crypto Analyst Profit Blue tweeted that Ethereum (ETH) was testing the neckline at $1,337 after forming double tops. ETH formed its first top at approximately $2,000 and the second top at approximately $1,650.
New lows soon #Ethereum pic.twitter.com/vukgKKYBQm
— PROFIT BLUE (@profit8lue) January 11, 2023
Additionally, the analyst mentioned that ETH could reach new lows and marked $680 as the first support and $500 as the second support wh ...
The post ETH Forms Double Top, Prices Could Tank to $500: Crypto Analyst appeared first on Coin Edition.
