Ethereum (ETH): Sweet Buying Opportunity Soon

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Ethereum is approaching the sweet buying zones (two of the yellowish zones).

With recent bearish dominance on the markets, Ethereum did a good movement to lower zones, resulting in a reset for the price.

Now we wait for the first yellow zone to be reached, where we would start to look for a long position and possibly also DCA the position!!

Swallow Team

kemarin

Catatan

Ethereum has done so far a decent decline, breaking our bounce zone, where sellers have secured this zone as well with a re-test.

We are now expecting to see a possible break of structure to form near $3,100, which would lead price towards the support on lower zones!

12 jam yang lalu

Catatan

We are yet again back at our bounce zone with Ethereum, where we are going for a second re-test.

Now after the breakdown and the first re-test, we are seeing the second re-test, where we might see a breakout as buyers surge for another attempt here.

We are waiting for further confirmations of whether there is a breakout or a rejection to determine who will take over the dominance near that zone (which is also aligned with EMAs).