For the fourth day, the price of Ethereum is in a bearish trend after climbing to the $1275 price. Over the weekend, the price dropped below the $1,200 price point and continued its pullback. We have today's support at the $1140 price, but the pressure is on to see a continuation of the decline to the $1100 support zone. If we do not find support here either, then we continue towards the $1000 psychological level for the price of Ethereum. For a bullish option, we need a new positive consolidation and a return above the $1200 level. After that, we could try to continue the recovery to the $1300 resistance zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.