As I mentioned in my previous idea update that ETH is more likely to reach $3500 in this current rally. We have seen it already touching almost $3500 yesterday but to break this very strong resistance zone between $3500 - $3530, Ethereum has to go for a pullback zone which is more likely to happen in the next few hours.
If it comes back to $3300 - $3340 support zone, we should find a buy position here but obviously wait for a proper price action is a must. Because it may break down this support zone and go for a very strong support zone between $3150 - $3200. This could be the ultimate support zone and a very strong buy zone.
So if ETH reaches 1st nearest support zone then:
Entry Point is Between = $3300 - $3340
If it manages breaking the 1st support zone
Entry Point is Between = $3150 - $3200
Good Luck.
This is not a financial advice of course. You should do your own research.
If it comes back to $3300 - $3340 support zone, we should find a buy position here but obviously wait for a proper price action is a must. Because it may break down this support zone and go for a very strong support zone between $3150 - $3200. This could be the ultimate support zone and a very strong buy zone.
So if ETH reaches 1st nearest support zone then:
Entry Point is Between = $3300 - $3340
If it manages breaking the 1st support zone
Entry Point is Between = $3150 - $3200
Good Luck.
This is not a financial advice of course. You should do your own research.
Related publications
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.
Related publications
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.