This current level is an important area for ETH as below this level there is no support till 750 .
Looking at the Volume profile shows there's only fresh air between 888 and 750 .
Which means there is no support in that area .
ETH will have to consider a temporary bounce around the current 926 area to avoid heading lower to the 750 zone.
Looking at the Volume profile shows there's only fresh air between 888 and 750 .
Which means there is no support in that area .
ETH will have to consider a temporary bounce around the current 926 area to avoid heading lower to the 750 zone.
Comentarios:
This is very odd behavior if you ask me as the current Area offers a good temporary bounce zone
Comentarios:
Further moves down could be high speed capitulation moves lower; hence if ETH has thoughts of pausing the current downtrend this is the spot.