GK-ARONNO
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ETH Bulls vs. Bears – Who Wins at $2000🚀🎯
$ETH
As always, when I spot something interesting, I’ll share it. Right now, ETHUSD is -15% in a single day, flashing red on my screen! 😃
For those interested, this level isn’t a bad technical setup. Keeping it short, here are the key criteria:
The ultimate trendline
This is the major trendline and should be the strongest one on the chart. Unfortunately, the price didn’t come from long-term higher highs, which weakens it slightly but still, there are other solid factors that align with it.
A strong horizontal price zone
This area has seen multiple rejections in the past, so volatility should be expected here.
A 50% drop from the most recent high
Similar to the trendline, this level is slightly weaker because it’s not a full 50% drop from the all-time high. However, historically, crypto assets have shown strong reactions around these levels.
The round number $2000
Acting as a psychological support level, it adds extra strength to this zone.
What do you think? Will this level hold, or are we smashing straight through it? Drop your thoughts in the comments!
If you like the analysis, hit the boost as well🚀
As always, when I spot something interesting, I’ll share it. Right now, ETHUSD is -15% in a single day, flashing red on my screen! 😃
For those interested, this level isn’t a bad technical setup. Keeping it short, here are the key criteria:
The ultimate trendline
This is the major trendline and should be the strongest one on the chart. Unfortunately, the price didn’t come from long-term higher highs, which weakens it slightly but still, there are other solid factors that align with it.
A strong horizontal price zone
This area has seen multiple rejections in the past, so volatility should be expected here.
A 50% drop from the most recent high
Similar to the trendline, this level is slightly weaker because it’s not a full 50% drop from the all-time high. However, historically, crypto assets have shown strong reactions around these levels.
The round number $2000
Acting as a psychological support level, it adds extra strength to this zone.
What do you think? Will this level hold, or are we smashing straight through it? Drop your thoughts in the comments!
If you like the analysis, hit the boost as well🚀
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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