Ethereum

Coin

<ul class="news-points"> 
 <li><strong>Renowned crypto analyst Crypto Tony thinks Ethereum is sitting on critical support.</strong></li> 
 <li><strong>Tony’s next move will be determined by what happens at that level.</strong></li> 
 <li><strong>The analyst plans to short Ethereum if it lost its balance on the current support.</strong></li> 
</ul> 
<p>Renowned cryptocurrency analyst Crypto Tony thinks <a href="https://coinedition.com/what-is-ethereum-complete-guide-to-the-2nd-largest-blockchain-project/" rel="noopener noreferrer nofollow">Ethereum</a> is sitting on critical support, and his next move will be determined by what happens at that level. In a recent post, Tony noted that he would short the flagship altcoin if it lost its balance on the current support.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> / <a href="https://twitter.com/search?q=%24USD&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USD</a> – Update <br><br>Just balancing on support right now. Lose that and i short down to the lows <a href="https://t.co/PQMdvXraKI" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PQMdvXraKI</a></p>— Crypto Tony (@CryptoTony__) <a href="https://twitter.com/CryptoTony__/status/1700767813630054633?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 10, 2023</a> 
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<p>Tony shared a screenshot showing that ETH/USDT on the 4-hour chart has predominantly traded within a pronounced range. From the shared screenshot, ETH/USDT traded between the $1,620 lower price and the $1,700 higher price mark. However, the price has remained around the lower range, testing the support several times.</p> 
<p>The bulls have rejected multiple attempts by Ethereum to break below the lower support. Tony’s chart showed that on several occasions, <a href="https://coinedition.com/ethereum-eth-price-prediction/" rel="noopener noreferrer nofollow">ETH’s price</a> moved below th…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/analyst-prepares-to-short-ethereum-if-critical-support-is-broken/">Analyst Prepares to Short Ethereum if Critical Support is Broken</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Analyst Prepares to Short Ethereum if Critical Support is Broken

Coin Edition

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