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ETHEREUM Tuesday

Wayne Russo by Wayne Russo
April 12, 2022
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12 April 2022 | ZebPay Trade-Desk

Eth trades in red, with a 6.2% drop in the past 24 hours. The bears are continuing their selling spree due to a lack of bulls aggressively buying. Bulls will attempt to push the price higher than $3,000 and, if it does so, consolidation can be seen at $3,000.

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Report on Ethereum Technical Analysis

October 2022

ETH traded at $2,971 as of the writing of this article.

After a surge from $2,500 to $3.578, ETH faced stiff resistance at $3.600. This was followed by a sharp correction. The asset dropped almost 17% to a low of 2.953. ETH is supported at $2,905 (61.88% Fibonacci Resistance Level), and we can expect a rebound from these levels. A break below $2900 would lead to further decline and prices could slide to $2725 levels.

Support 2Support 1AssetResistance 1Resistance 2$2,725$2,905ETH$3,175$3,415

Disclaimer: This report should not be regarded as investment advice. It does not consider the financial situation, investment goals or needs of investors. When deciding whether an investment is right for them, all investors should take into account these factors and consult with a professional advisor. This report was prepared by the Company using information that it has access to, as well as information from public sources that have not been independently verified. The Company makes no representations or warranties, either express or implied, regarding the accuracy, reliability, completeness, reliability, or correctness of the information, opinions, or conclusions contained herein. This report is preliminary. The Company does not assume any obligation to revise or update the reports in response to new events or circumstances after the date of the report was made. Trading and Investments in cryptocurrencies viz. Bitcoin Cash, Ethereum, and Ethereum are highly speculative investments that can be subject to market risk. The Author’s analysis should be used only as information and should not be considered investment advice.

ETHEREUM TUESDAY ZebPay | Buy Bitcoin & Crypto.

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