Ethereum to drop further (ETH/USD Analysis)
MONDAY
1-JUL
Price rejected the highs and closed the month just above the $275 S/R level.
On the Weekly, price may be seeking the sell LQ next since it is closer and buyers need to be taken out before another rally takes place.
Last week's (LW) low is the nearest sell LQ, followed by the previous week's low around $260.
The upside LQ seems too far away right now.
On the Daily, price may seek the upside LQ above SUN high but it could face some resistance just below that, around SAT open.
If this turns out to be the sell zone, shorts could be considered there with LW lows as the first target.
I think there is a good support on 270$
Yes. First at around $275, followed by $250.
276$ Right now... let's wait for 250$.. I think that I could buy at 250$
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