$ETH tested previous channel bottom for the second time and

Bearish

$ETH tested previous channel bottom for the second time and got to 2520 which correlates with Daily 20-sma ✅
Didn't make it this time, will make it next time. In bullish scenario higher levels sit at 2680 and 2788.
Obviously if BTC dips, #Ethereum will follow. Nearest attractive zone is under 2375. How far the dip will stretch hard to predict, but worth watching down to 2023 close at ~2283.
🎯 Key Levels to Watch:
• Above: 2520 / 2680 / 2788
• Below: 2375 / 2323 / 2283
🔥 ETH Liquidation Heatmap:
• Above: 2521 / 2573 / 2625
• Below: 2371 / 2333 / 2288

Wise Analyze

$ETH re-test of previous channel bottom ✅

Didn't breakout higher and currently looks weaker than BTC. The idea remains the same - another breakout attempt can take ETH higher to May close at 2527. If price manage to reclaim that level, next will be 2680 / 2788.

For the dips worth watching PA at dev Y VWAP around ~2323 and 2023 close at ~2283.

🎯 Key Levels to Watch:
• Above: 2433 / 2520 / 2680
• Below: 2380 / 2323 / 2283

🔥 #Ethereum Liquidation Heatmap:
• Above: 2473 / 2518 / 2573
• Below: 2395 / 2371 / 2356 / 2333

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

$ETH tested previous channel bottom for the second time and got to 2520 which correlates with Daily 20-sma ✅

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