
                                    <div>
                                      <h3>Market View</h3>
                                      <p>Short-term bearish on ETH, reversal possible if $2.1K is reclaimed</p>
                                      <h3>Trading Strategy</h3>
                                      <p>Wait and watch how ETH reacts to $2.1K; consider going long if bulls retake the level</p>
                                      <h3>Core Logic</h3>
                                      <p><ol>
    <li>
ETH broke below $2.1K and swept last Summer's breakout candle
    </li>
    <li>
a larger reversal or relief bounce may occur if $2.1K is reclaimed, otherwise monitor horizontal levels for price reaction
    </li>
</ol></p>
                                    </div>
                                    

$ETH Broke down of the $2.1K and swept the initial breakout candle from last Summer.
If bulls could retake $2.1K at some point, then a larger reversal/relief bounce could be due. Until then, keeping an eye on both horizontals to see how price reacts.

$ETH Held the big $2.1K level on the second test as well.
This is a must hold area for the bulls. These horizontal area's are all you need to be watching for the Ethereum price in my opinion.
Break one, target the next. Works both ways obviously :)  x.com/DaanCrypto/sta…

Daan Crypto Trades

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