Ethereum (ETH): Buyers Trying To Hold The Ground!
2025-01-16
Category: None

Ethereum did have a nice upward movement toward the 200EMA, which was our target area for upward movement. 

Now, price is showing signs of weakness where we were rejected by that same EMA and price is now retesting the broken zone (where buyers try to fix it as a support zone).

We are looking for a full breakdown here and once we see confirmations, we will look for a short position here, but if buyers manage to secure this zone, then ETH might head back to that upper resistance zone!!!

Swallow Team