Will ETH Rebound from $3200?
2024-12-20
Category: None

ETHUSDT technical analysis update

ETH price has dropped 20% from its peak to the $3100-$3200 level. The 100 and 200 EMA are expected to provide strong support, with the volume profile also indicating good support at this range. Additionally, the Fib 0.5 retracement at $3200 aligns with this level. We see strong support at $3100-$3200, and the price is likely to bounce strongly from this level.

Regards
Hexa