Last week, ETH was in line with our expectations. With the strengthening of bulls, ETH reached the resistance level and continued to try to break through it. ETH’s bullish power is ferocious, the strongest of the three over the last week. ETH and BTC are facing different resistance pressures, considering that monthly declines have been different. The trend of ETH this week is similar to that of Jul.21 & Sep.29 last year. Entering an bullish channel is possible.
Conclusion:Mostly rising. The overall trend is upward. Affected by the strength of the bears during the fall, the resistance is relatively large, and there will be callbacks in the process of rising. So we set resistance at 3400, which is a conservative resistance for observing the bullish power. The support lever was raised to 3100 which is confirmation level.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Conclusion:Mostly rising. The overall trend is upward. Affected by the strength of the bears during the fall, the resistance is relatively large, and there will be callbacks in the process of rising. So we set resistance at 3400, which is a conservative resistance for observing the bullish power. The support lever was raised to 3100 which is confirmation level.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
