The currency $ETH , after a sharp decline, is currently testing an important support and resistance range. The price is currently around 2,024, which is below EMA99 with weak momentum on the 15-minute frame, supporting the short scenario.
The suggested entry area is between 2,025 and 2,040, with a stop loss at 2,055 to protect capital. Profit-taking targets start from 2,005 then 1,989 reaching 1,965 if the selling pressure continues. As long as the price cannot regain the resistance range between 2,030 and 2,040, the downward pressure will persist, with the possibility of targeting the liquidity area around 2,000.
You can follow the trading directly through the currency code $ETH .
