3 min readETHEREUM (ETH/USD):
Ethereum remains firmly within its weekly range, trading between the lows of $2,100 and the highs of $4,100. I am interested to see if the price will provide clearer direction once we break out of this range.
A closer look at the technicals shows that price rejected the higher timeframe resistance area around $4,100. Since then, we have seen a continued breakdown, with prices moving lower. Additionally, examining the daily internal ascending trend line reveals a clear break below that level, along with the daily 50 EMA.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
