Ethereum ETH Support Areas Going Down

Today I am reviewing the 1D (daily) chart for Ethereum (ETH) on a linear scale.

The price has been dropping with the overall crypto market dropping led by Bitcoin (BTC).

I noted multiple support areas where the price has the possibility to come down to with the most recent possibly getting to the Trendline S2. This would be around a 11-12% correction from current price levels.

Also keep an eye on the RSI (relative strength index) as we may have potential to get back to touch the trendline.

What are your opinions on this? I love reading your comments below.

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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk

Komentarz:

ETH - this aged well