Best Selling Zones for Ethereum on the Daily Timeframe

Ethereum continues its downward trend, having bounced from previous selling zones, breaking the corrective upward trend and falling sharply to establish new selling zones at the same levels, confirming the strength of these zones.

A further decline is expected if the current corrective move continues and pushes the price up to test the higher selling zones.

Overall, the price remains a sell unless it breaks above and closes above the selling zones.

Expected Targets

If the price rebounds and tests the identified selling zones near 32800.77, we expect to see another decline and a continuation of the downward trend towards targets near 3150 and 3000.

If the currency continues to fall, it may target the demand zones below, near the 2635 levels, which are considered one of the most important buying zones and which may push the currency upwards in a corrective manner at least, especially if any buying signals appear on the same timeframe.