👊🏻Is ETH 🔥retracing to go up or going to 💥zero?

Greetings to the entire Tron Fan Club community. Today I'm reviewing the monthly ETH chart and I see that the price is reaching $1,134, which is its support or previous low.

Rebound or imminent crash?

Only two scenarios are possible: the price is ranging between 4.7K and 1.1K to take off and make a new high,
or the price will break below 1.1K, which would signal the end of the uptrend and the beginning of a very deep downtrend.

"Source"

Let's review the indicators

Volume

The price of ETH is falling, but volume is rising. This is a divergence that indicates a possible rebound.

"Source"

RSI

The Relative Strength Index shows no divergence, which is also a sign of a rebound.

"Source"

Awesome

The amazing indicator also shows no divergence and tells us that the price is not expensive enough to buy.

"Source"

SuperTrend

If we look at the 3-month chart, the trend is bearish, so it's quite possible that the price could suffer a significant drop.

"Source"

Time will tell what happens with "ETH," whether it bounces off its support or begins a steep decline. Have a great day, and we'll see you soon.
None of this is investment advice, it's merely educational material. Only invest money you're willing to lose.