From the LBank blog.
The downward trend from the $25,200 high has ended and short-term prices have risen above the $21,500 level.
However, a 1-hour chart shows that the short-term trend has fallen below $22,330 and there is still a possibility of further decline if the rebound does not break through this level.
Resistance level to watch out for: $23,600
Support level to watch out for: $21,000
The downward trend from the $2,030 high remains unchanged for Ethereum, and short-term prices have risen significantly before testing the $1,680 level.
The result of the test will be watched closely. On a 1-hour chart, the short-term trend has fallen below $1,580 and there is still a possibility of further decline if the rebound does not break through this level.
Resistance level to watch out for: $1,680
Support level to watch out for: $1,200
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This article came directly from the LBank blog, found on https://lbank-exchange.medium.com/february-10th-market-analysis-from-lbank-derivatives-2ff8e62d417b?source=rss-87c24ae35186——2