Welcome folks to my new update on ETH.

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ETH showed some rejection from $2770 which was 12% up from our entry-level (previous post). The rejection could drop back to our entry-level but before we jump into that lets us observe the current price level. We have slight support here at $2.6k along with the 21 MA holding the price. If ETH manages to hold this level and show some bullish momentum then we can enter this trade. So far, there’s no bullish confirmation so we will wait.

Another possibility is, ETH could drop further up to $2.4k which will be our old entry-level. I already have ETH in my spot holdings and I will accumulate more if it dips.

Anyways, do not trade blindly. Analyze the market carefully and if you need help then feel free to check out my ideas and updates.

I’ll see you around. Good hours ahead.