I still consider the price of ETH to be weak.
Until the 3,400 level breaks, upward movements will only be in reaction.
The area I am observing on the downside is 2,700 ā 2,750.
Without this area, I will not expect relief or a strong bounce.
Short-term rallies can be misleading.
There is still no clear signal of strengthening, so I am not expecting an upside soon.
Summary:
Breaking above 3,400 is essential for strong movement.
Lower levels (2,700 ā 2,750) are still on the table$BTC
BTC
70,766.14
-0.43%
