The trading week on the ETH market was spent in an attempt by byers to take control of the $3000 mark. Buyers were able to break this mark and test the global trend line, which was lost in mid-January 2022. However, the weekly candle closed not in favour of buyers. By lowering the ETH price below the weekly opening price, sellers formed a pin up and a false breakdown of $3000. If buyers fail to take control of $3000 this week and the price closes below this mark again, the end of February 2022 could be quite deplorable for investors. In this case, the Ethereum price will fall to the range of $2400 and this will be only the first target. The final target of sellers is around $1780. For such a sharp fall of the ETH price, it is also necessary for the BTC price to break the $42,000 mark. In this case, the entire cryptocurrency market will actively continue its fall wave. Technical Analysis Of ETH On The Daily Timeframe https://www.tradingview.com/x/jvnMpWZy/ Analyzing the movement of the ETH price on the daily timeframe, we see that there is still a chance to continue the growth of ETH. To do this, buyers need to maintain control over the local range of $2750. This range has served as a resistance zone for sellers since the end of January 2022. If buyers have a plan to continue to grow, it is from this range. In addition, we see that the trading volumes when approaching the mark of $2750 begins to decline and the price slows down...
