ETH/USD Downside! 16 Nov 2021

Ethereum has made a significant drop in the last 24 hours as Biden’s infrastructure plan was approved today. The infrastructure plan had an obscure cryptocurrency tax reporting requirement.

We’re capitalising on the downside pressure, targeting Ethereum downside into the $3750 level.

Downside target: 3750

Violated above: 4900

ETH/USD 1D Chart, 16 Nov 2021

Published by Tom Stewart

Head of data analytics at TradeProofer. Analyst at Opes Trading Group. FX enthusiast.

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