ETH/USD - Ethereum approaching support, will it hold? 😆

Ethereum like Bitcoin (idea linked below) is quickly approaching a key support level just under $3k which unfortunately did not hold the price.

This diagonal is our support since back in 2020! Therefore we really do not want price to break under this line. Such an event may lead to quite a bearish chart for the medium term at least.

For now, short term, I see ETH going lower and following whatever BTC is doing. When both BTC and ETH reach their support, which should happen this week I'd say, we can re-assess to see what the chart tells us.

This market is quite hard to trade right now as it is hard to find a good entry, best to avoid trading and don't try to knife catch... you will get burned. Training now is not much better than gambling.

Good luck and don't forget to like and follow if you liked this idea!