$ETH

Looking at the chart globally, the price of ETH is in a major trading zone in the range of $4,000 - $2,200. And now on the chart we see a local exit outside the zone in order to collect liquidity from the past low.

In case the price does not lose the $2,000 level and shows a local reaction during which it will consolidate above $2,200, i.e. return to the trading zone, it is a positive sign for further price movement. And if during the week ETH fixes below $2,000, it will be a full-fledged exit from the trading zone and accordingly the continuation of the decline.

This week could be a crucial week for further market movement. 👀