ETH - Testing LTF Support
2025-01-08
Category: None

Right now ETH is testing its short term support. This is the green trendline I have drawn. It held down price until price was able to breakout and retest it as new support before the recent push higher to $3,750. Now that price has dropped it is still holding that green trendline. 

So far this is a great development on the lowertimeframe. If we can maintain support we could see a recovery, but if we break this level it is very important to continue to hold the white line below. If we cannot hold that then that test of the sub $3k level will most likely be on the table. 