Quite a significant decline in ETHUSD back to the red trading zone.
A drop to the bottom of the red zone will be a critical moment for traders as many take short position aiming to profit from another flash crash as low as $290.
Best case scenario is that ETH bounces right about where it is now to stay in the orange zone and recover back to $380 for yet another test of that key level.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
A drop to the bottom of the red zone will be a critical moment for traders as many take short position aiming to profit from another flash crash as low as $290.
Best case scenario is that ETH bounces right about where it is now to stay in the orange zone and recover back to $380 for yet another test of that key level.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
