ETH is above crucial support
Ethereum / Tether KUCOIN:ETHUSDT
ETH is above crucial support. this support is marked in the chart. this support line is also a neckline for a double top pattern of ETH. If it is broken, we will see a heavy drop in the value of the ETH.
Right now, as you can see from the chart at the bottom right, we are seeing a price squeezing above the support line. It is recommended that no trading decision be made until a breakout has occurred.
Renko’s analysis shows respect for MA40. This will reduce the price to the previous level of support. Ichimoku analysis confirms this.
