📊TECHNICAL ANALYSIS ON 4-HOURS TIMEFRAME
A few days ago price declined to support 2, which coincided with the support zone and some time traded close. After this, ETH rebounded from support 2 and made impulse up to support 1, broke it, and rose until to the resistance zone, which coincided with the resistance level. Then price rebounded back to support 1 and started to trades in consolidation as well. Ethereum some time traded very close to this level and then repeated movement up to the resistance zone. But a not long time ago price bounced and fell below the resistance level. And now it continues to trades inside consolidation and I expect that Ethereum can decline a little more and then rebound back to the resistance zone. That's why I set my target at 2125, which coincided with the resistance zone inside consolidation.
📊QUICK FUNDAMENTAL LOOK
Ethereum price is moving lower from $2,130. ETH is showing a few bearish signs and might decline toward the $1,920 support zone. Ethereum price started a fresh decline after it struggled near $2,130. ETH formed a high at $2,132 and started a downward movement. There was a move below the $2,100 and $2,080 levels, like Bitcoin.
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