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:
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.
