Ethereum (ETH): 200EMA Holding Buyers Strongly / Possible Short?
2024-11-04

We are back with Ethereum, where we are seeing the great work from 100&200EMA.

Despite us trading currently in some kind of sideways tunnel, we are seeing that buyers are struggling with breaking out of this path, where EMAs are pressuring the price down, which could lead to a possible breakdown of the local support zone. 

We are looking here to see a break of that support rather than a break of EMAs, and once we get it, we will wait out for a confirmation re-test (good zone to open short).

Swallow Team 