ETH Technical Analysis: A Critical Point For The Growth Is $3400

Extreme caution and complexity. This is how you can describe the qualities of buyers of ETH cryptocurrency. The second-largest cryptocurrency in daily trading volumes behaved extremely strangely at the critical level of $3000. At first, sellers easily pushed the price below this mark. Now buyers have returned the mark under their control without any problems. However, not everything is as great as in the Bitcoin market. If the BTC price broke the trend line of sellers from November 2021, the ETH price is now right next to it. https://www.tradingview.com/x/S0Ow4Do8/ Due to the fact of probable local correction of the BTC price, the probability of breaking this trend line during the current attack has decreased. Ethereum trading volumes have not appeared since July 2021. That’s why we can’t talk about a confident change of mood in the ETH market. If buyers succeed after the breakdown of the mark of $3400 kept the range of $3000 it will be the first serious signal to turn the price up. In this case, the first and main target in the ETH market will be $4200. Technical Analysis Of ETH On The Daily Timeframe https://www.tradingview.com/x/ioeHCV92/ As of 5 February, volatility in the ETH market has significantly decreased. When approaching the trend line, buyers hid and did not increase capacity to ensure its breakdown. In addition to the trend line, buyers should overcome the mark of $3400 and at the moment it is difficult to do wit...