Bitcoin is crashing, Ethereum follows the fever. ETH experienced a sharp decline today, following in BTC's footsteps. Is this the end of the bullish trend or just an golden opportunity? Let's analyze the chart. 👇
🔍 QUICK TECHNICAL ANALYSIS:
Current Price: ETH is struggling to hold off selling pressure.
Key Support: The IDR 33,500,000 - IDR 34,000,000 area is the last bastion for the short-term bullish trend. If it breaks, be ready to slide deeper.
Resistance: Need to get back above IDR 35,000,000 to restore market confidence.
💡 TRADING STRATEGY:
Wait & See: For those who do not have a position yet, it is wiser to wait for strong rebound confirmation in the support area. Do not rush in.
Holder: If you believe in the long-term fundamentals of ETH, this decline could be an opportunity to gradually increase your holdings (DCA).
In your opinion, at what level will ETH bounce back?
A. IDR 34 Million
B. IDR 32 Million
C. Deeper still 😱
Write your predictions below! 👇
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