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Once again, let's analyze the Ethereum daily chart. Previously, we emphasized the importance of 4086 and the resistance around 4130. These so-called key levels are all critical points that determine the direction.
At the same time, support levels are at around 3920 and 3820. However, the lowest point of the market reached about 3838, which is still within expectations. Last night, I emphasized in my blog that it’s nothing more than a V-shaped pattern.
Currently, if Ethereum's daily chart effectively falls below 3866.27, then this week we should watch the levels around 3730 and 3638.
For medium to long-term, focus on around 3330.5 and 3249.7. The overall trend is definitely bearish, which is not to be questioned. Manage your positions well according to the trend, and enter key levels for short-term trades.
The above views are for reference only. This does not constitute investment advice!
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