Ethereum has dropped significantly, currently breaking below the 2200 level. Looking at the daily chart, it has essentially given back all gains. On the hourly chart, the decline is slowing with some support below. Morning recommendation is to go long once on dips. Suggested entry around 2180, stop loss at 2140, target 2260.
Zhao Youdao: ETH Morning Update 2195
Ethereum has dropped significantly, currently breaking below the 2200 level. Looking at the daily chart, it has essentially given back all gains. On the hourly chart, the decline is slowing with some support below. Morning recommendation is to go long once on dips. Suggested entry around 2180, stop loss at 2140, target 2260.