๐ท๏ธ #ETH has moved just as we discussed a few hours ago. After failing to break through the resistance, it pulled back and bounced from the support zone marked by green lines based on Fibonacci levels.
One of the main reasons behind this drop is the rising geopolitical tension between the US and Russia, which has reduced global risk appetite and put short-term pressure on crypto assets.
Technically speaking:
Supports: Green lines based on Fibonacci levels.
Resistance: The key blue trendline needs to be broken.
MACD: Shows weakening momentum.
RSI: Below 50, but still far from oversold territory.
Volume: Increased during the drop, indicating selling pressure.
Holding above support in the short term will be crucial. Iโm closely monitoring the situation.
โผ๏ธ This is not investment advice.
