ETH support zone around $3,560 has been broken, and current price action appears to be a retest of the breakdown. If ETH fails to reclaim this level, we could see further downside toward the strong demand zone near $3,000.The RSI bearish divergence also adds to the bearish bias. If this retest fails, altcoins may face deeper corrections, as ETH often leads the market.
DYOR, NFA
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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.