Battle behind the scenes for ETH (8 hours time-frame)
Huge battles happening all over crypto this week.
ETH has now defended the 3150 support level. Bearish momentum is still very strong and if it fails to hold, the next support level is at the SMA200 level at 2980-2990.
For me, to be fighting for control at the 8 hours time-frame indicates that a trend reversal is going to take some time to happen before we can talk about the recovery.
ETH has now defended the 3150 support level. Bearish momentum is still very strong and if it fails to hold, the next support level is at the SMA200 level at 2980-2990.
For me, to be fighting for control at the 8 hours time-frame indicates that a trend reversal is going to take some time to happen before we can talk about the recovery.