#Ethereum Н1 Murrey Levels
Currently, Ethereum is trading below the 2/8 level, indicating a bearish sentiment. Prices are heading towards this level, which could lead to a test from below before continuing the bearish trend. The moving average is currently providing some support to the quotes. A breakthrough of this resistance would allow prices to continue north towards the 3/8 resistance, which is the maximum the bears may allow. Above this level, it becomes a battle between the bulls and the bears, and it's hard to predict the outcome. Wishing everyone a good mood.
