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ETH Rejected in the Green Zone

Written By: ChartChamp

May 8, 2024

ETH has been struggling to stay above the green zone since April 13. Despite multiple bullish rebounds from the red trendline, ETH has consistently been rejected at the green zone. More recently ETH had a strong rejection at the $3,159.83 price level, and has now dropped below the green zone again. Dips below the green zone have been the best area to buy, preferably at $2,862.93 at the red trendline. For the next few trading days it will be important to see if ETH rebounds and attempts to break above the green zone again.

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