ETH - Purple War Zone!

Ethereum broke below 2500 ... WHAT NEXT?

ETH is approaching our long-term red trendline acting as non-horizontal support.

Moreover, the area 1950-2000 is a "Resistance turned into Support".

So the highlighted purple circle with the blue arrow is a very strong area to look for buy setups as it is the intersection of support in green and lower red trendline.

As per my trading style:
I will be waiting for it to approach the highlighted purple circle (area) to look for possible buy setups (like a double bottom, trendline break , and so on...)

Unless ETH breaks below the 2000 zone downward with a big daily candle, then the support would become resistance again.

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich