ETH/USD – Ready To Drop Again?

Ethereum looks set to take another beating in the coming week, with price still being held below the resistance trendline.

Ethereum is currently trading at 2,547 USD, and the resistance trendline lies just above price, capping the upside. We’re looking for a break below the support trendline, with sustained downside to the 1800 level.

Entry: At market/

Target: 1800

ETH/USD 1D CHART, 15 MARCH 2022

Published by Tom Stewart

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

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