Ethereum is currently under strong selling pressure, and with the price hovering around $3,000, it could easily drop back below $2,600. However, for a more reliable entry, the 4-hour timeframe gap around $3,250–$3,350 offers a much better zone to look for a sell position.
If price reaches this area with a strong and impulsive move, there is a high probability (over 70%) that this sell setup will play out successfully. But if Ethereum approaches the $3,300 zone with weak momentum, the trade becomes a bit more risky, and the setup may require further confirmation before entering.
If price reaches this area with a strong and impulsive move, there is a high probability (over 70%) that this sell setup will play out successfully. But if Ethereum approaches the $3,300 zone with weak momentum, the trade becomes a bit more risky, and the setup may require further confirmation before entering.
ins: solevrage
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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.
ins: solevrage
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.