Ethereum USDT Analysis

Ethereum / TetherUS BINANCE:ETHUSDT

Soufian5

Bearish short term bull, bullish long term

Ethereum has reached 200 Daily Moving Average, it is acting as resistance, it is also confluence zone meeting with the trend line of the channel in yellow line.

Gray highlighted area are for buying – 3100 first zone, 2900 second zone

I am bullish on Ethereum long term, but a correction is due, markets do not move in straight lines, yet in crypto you never know

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