$ETH

On LTF, #ETH has swept both highs and lows and is now rejecting from the golden Fibonacci level (grey box). This level currently marks the key resistance.

Price is also trading below the 200 EMA across all lower timeframes, confirming the ongoing downtrend + acting as additional resistance.

With RSI in overbought territory and MacD showing clear bearish momentum, the probability of price targeting the lows is higher than a breakout above resistance.

As long as the Fibonacci level holds, there are a lot of short opportunities here. A strong break above the fib-level is the invalidation for this analysis...

ETHUSDT

دائم

2,021.67

+0.93%