ETH/USD (Retest 2k Strong Support?)

💎Technical Analysis Summary💎



ETH/USD

-ETH for the second time around got rejected by the 50D MA
-The price has declined from 2.8k level to 2.3k dollars
-If this short term selling pressure continues
-I think a potential retest of key support around 2.1k- 1.9k
-And if the key level of support holds, expect a good bounce up to 2.6k
-For now, the overall market is looking weak especially Bitcoin
-BTC is down by -15% for the last 2 days and many Altcoins are following
-Please be cautious everyone and exit your trade if the idea becomes invalid
-Stay safe and have a nice weekend! :)



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