Ether experienced a continuous breakdown yesterday, with an intraday fall of over 300 points. Currently, it has rebounded after touching the low near the 3100 line. From an hourly structure perspective, the price is operating near the lower band of the Bollinger Bands, which are gradually extending downwards. Subsequent resistance to follow is the stabilization at the 3150 line. If this area cannot be maintained throughout the day, there is still the possibility of a pullback in the market.
Ether: 3185 short, looking down at 3085, defending 45 points #BTC #ETH
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Ether experienced a continuous breakdown yesterday, with an intraday fall of over 300 points. Currently, it has rebounded after touching the low near the 3100 line. From an hourly structure perspective, the price is operating near the lower band of the Bollinger Bands, which are gradually extending downwards. Subsequent resistance to follow is the stabilization at the 3150 line. If this area cannot be maintained throughout the day, there is still the possibility of a pullback in the market.
Ether: 3185 short, looking down at 3085, defending 45 points #BTC #ETH