ETH Technical Analysis: On The Verge Of Collapse To $1700

The good chance of buyers during the week of 28 February to push the ETH price from the bottom trend line ended sadly. For the second week in a row, sellers manage to close the weekly candle below the opening price. At the moment, buyers are ready to fight below $2600, and sellers are ready to fight above $2600. Therefore, in the best-case scenario, the ETH market may consolidate in the range of $2400-$3200 in the coming weeks. https://www.tradingview.com/x/0AJxDf0S/ The weekly timeframe shows the ETH price is moving in the range of the trend line, which is the last buyers’ support to form a growth wave to $3860. From this mark, another fall wave with the first target of $1700 will most likely begin. However, even for such a locally positive scenario, buyers should close the weekly candle from 7 March above the $2600 mark. In this case, next Monday you can consider the ETH cryptocurrency for investment with a prospect of growth of 40% up. Technical Analysis Of ETH On The Daily Timeframe https://www.tradingview.com/x/Tc73xo1e/ If you look closely at the consolidation of the ETH cryptocurrency in the daily timeframe, you can see how the price reaches an important local range of $2400-$2470. Why is this range so important? In the period from 21 to 28 January in this range, buyers began to slow down a powerful fall wave and eventually stopped it. So we see false breakdowns in the $2400-$2470 range during this period. However, all ...