Will ETH Break This Key Resistance at $380?
Right now looking at lower time-frames we see ETH making another attempt to move above the long-term key horizontal level at $380. We've mentioned this level many times in recent analysis.
Above $380. We're bullish.
Below $380. We're bearish.
If the current test fails, the market sentiment may turn sharply negative — as price falls to our bad case scenario of $290. A 23% drop from current price.
From there we expect strong support, more consolidation, and another rally to finally push through $380.
SparksterSignals bots are watching closely for intra-day trading opportunities along with longer term position management. Check out the link below.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Above $380. We're bullish.
Below $380. We're bearish.
If the current test fails, the market sentiment may turn sharply negative — as price falls to our bad case scenario of $290. A 23% drop from current price.
From there we expect strong support, more consolidation, and another rally to finally push through $380.
SparksterSignals bots are watching closely for intra-day trading opportunities along with longer term position management. Check out the link below.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
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