culturalCheese80320

Will ETH hold?

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KUCOIN:ETHUSDT   Ethereum / Tether
ETHUSDT After a strong run to $2k in early August on merge speculation, ETH has been in a down trend over the past few weeks. Considering the local buy/sell zones, if Ethereum doesn't hold at the bottom of this sell zone (red box = resistance = sell pressure), ~$1705, we could be looking at a hasty drop down to the next support area in the $1630-$1660 range. FYI... I am a data and patterns guy, not a financial advisor. Do Your Own Research (DYOR) and make your own decisions. This is just an educated guess.
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BTW... If ETH doesn't hold and drops to $1630s the next drop will be $1570-ish with bears chasing after wicks in the low $1520s.
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