Ethereum- Higher low in place?

Although it has broken under 3200 support, losses for Ethereum are limited and I don't "see" much sell power.
The crypto may have found a new low above 3k and a new leg of correction to come.
I'm cautiously bullish at this moment with more confirmation above 3200.
A daily close above 3200 could expose 3600 important resistance and 3400 is now interim resistance.
A drop under 3k would put bearish scenario back in play.

Best of luck!
Mihai Iacob

Komentar:

Ethusd is above 3.2k. A close above this figure would expose 3.4 in the first instance