Ethereum (ETH) Faces Rejection at Current Monthly Resistance, Potential Buying Zones Identified
Ethereum (ETH) has encountered a rejection from the current monthly resistance level at 1860 and is showing signs of losing momentum. Potential buying zones are outlined as follows:
First buying zone around 1700: This area is marked by a confluence of technical factors, offering potential support.
Second buying zone around 1600: Here, two monthly support levels coincide, adding to its significance as a potential entry point.
Third buying zone around 1450: This zone presents another significant monthly support level, potentially offering a lower entry point.
Please note that these analyses are based on technical considerations and market conditions, and individual decisions should be made after thorough research and analysis.
Purple lines represent monthly supports and resistances, while orange lines represent weekly ones!!!
Ethereum (ETH) has encountered a rejection from the current monthly resistance level at 1860 and is showing signs of losing momentum. Potential buying zones are outlined as follows:
First buying zone around 1700: This area is marked by a confluence of technical factors, offering potential support.
Second buying zone around 1600: Here, two monthly support levels coincide, adding to its significance as a potential entry point.
Third buying zone around 1450: This zone presents another significant monthly support level, potentially offering a lower entry point.
Please note that these analyses are based on technical considerations and market conditions, and individual decisions should be made after thorough research and analysis.
Purple lines represent monthly supports and resistances, while orange lines represent weekly ones!!!