Today I will explain $ETH today. Why I am saying $ETH is bearish, read my full post if you wanna know my point of view.
As you can see in my post that $ETH was following a trend. Now I can see ETH breaks that trend. Technically ETH are in a bearish trend. If eth want to hold that up trend eth need to break 2600$ range.
I think $eth can go again 2400$ level
If #crypto market want to enter in a uptrend market $usdt dominance need to break my redline support . But right now $usdt dominance are holding a trendline support. In this zone long trade in crypto risky. so that I am bearish on $ETH
I have used fib here as you can see ETH are in supply zone that means selling zone. If you open long it's a risky zone.
I have opened a short
My entry price- 2600$
leverage 10x
sl- 2690
tp- 2400
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