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ETH cryptocurrency is a short-term downward trade

  • 03.05.2022
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Our global forecast for the ETH cryptocurrency is relevant. We expect a test of the $2600 range, from where the price has every chance to start a new powerful wave of growth. Links to our recent global ETHUSDT forecast below:

Launch of Ethereum rocket is planned from the level of $2600

However, at the moment the sellers have not given the initiative. The price is slowing down, but sellers are preparing for another local downward momentum.

From how buyers will behave around the $2600 mark, it will be clear whether there will be a new wave of growth in the near future. So far no signs of buyer strength are visible.

Local ETH cryptocurrency short

ETH short term trade. Local short by P_S_trade on TradingView.com


Entry 1: $2865
Entry 2: $2923
Stop: $3001
Take profit: $2675

The critical point where you need to closely monitor the price and be ready to fix the profit – $2726.

P.S. This local short is carried out near local minima. This should be taken into account when determining the size of the position.

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