Ethereum ETH - Indicating upcoming price drop

18 באוג׳ 2022

The price of ETH rises by a 100% in a period of 1 month after entering an uptrend that is likely to end soon. Ethereum is currently approching a strong resistance, and will be rejected by the upper dynamic resistance trendline due to high selling pressure in the confluence zone, this will cause a strong reversal and will start a downtrend. ETH than will break the lower dynamic support trendline and here will be the short entry setting the stop-loss right above the resistance zone.