Crypto Industry News:
The popular cryptocurrency analysis platforms Etherscan and CoinGecko in parallel issued a warning against an ongoing phishing attack on their platforms. Companies began investigating the attack after many users reported unusual MetaMask pop-ups encouraging users to connect their crypto wallets to the site.
Based on information leaked by analytics companies, the latest phishing attack tries to gain access to users' funds by requesting the integration of their crypto wallets via MetaMask after accessing official websites.
Etherscan further revealed that the attackers managed to display phishing pop-ups via third-party integration and advised investors to refrain from confirming any transactions requested by MetaMask.
Technical Market Outlook:
The ETH/USD pair has bounced from the new swing low at the level of $1,700 and is currently trading around the level of $2,100 as the bounce continues. The recent up move might have been terminated at the level of $2,163 as the Shooting Star candlestick pattern was made at this level. The nearest technical resistance is seen at $2,199, but the weak and negative momentum supports the short-term bearish outlook with a new target for bears seen at the level of $1,420. The market keeps making lower lows and lower highs on the H4 time frame chart, so the down trend is intact.
Weekly Pivot Points:
WR3 - $3,385
WR2 - $2,946
WR1 - $2,555
Weekly Pivot - $2,120
WS1 - $1,688
WS2 - $1,275
WS3 - $820
Trading Outlook:
The down trend on the H4, Daily and Weekly time frames had broken below the key long term technical support seen at the level of $2,000 and continues to make new lower lows with no problems whatsoever. So far every bounce and attempt to rally is being used to sell Ethereum for a better price by the market participants, so the bearish pressure is still high. The next target for bears is located at the level of $1,420.
