ETH - LTF Important Trendline
2024-12-12
Category: None

Just wanted to briefly show this trendline as ETH is currently battling it. 

This is a lower time frame pattern (1H) so may not be as significant, but if we see a selloff begin from here it could lead to one more massive drop. The reason why is this trendline supported us all the way up during our last rally to  EUROTLX:4K , the price broke below it, flipped it three times into new sell pressure and is currently retesting it again.

Hopefully, price can reclaim this as a level of support, but do not be surprised if we get rejected and see a move down to the white line. 