🪙On ETH locally

Ether is trading around $3,180 and is forming conditions for a reversal after a sharp decline. The price is currently heading towards the imbalance zone of $3,270–$3,360, formed during the last drop.

❗️The key scenario is to wait for a test of this area and the price reaction. If ETH consolidates above $3,360, one can expect movement towards the liquidity pool in the range of $3,480–$3,600.

However, if a downward reaction occurs after testing the imbalance and the price does not hold above, a retest down towards the liquidity at $3,000 is likely.

#Ethereum #ETH #Write2Earn #BinanceSquareFamily

ETHUSDT

Perp

3,143.23

-0.60%