Ether turns down along with Bitcoin! Still Longing 4 $2200

ETHUSDT

Ether has been on an uptrend, however, it is facing resistance at a critical overhead level of 2,200, indicating that some short-term traders may be taking profits after the strong rally in recent days.

There is a possibility that the ETH/USDT pair could decline to the psychological support at 2,000 and then to the 20-day EMA (1,930). During pullbacks in an uptrend, buyers typically try to defend the 20-day EMA.

If the price rebounds from the 20-day EMA, it will indicate that buyers are interested in lower levels, which could increase the chances of breaking above 2,200. If this level is breached, the pair may surge towards 3,000.

On the other hand, if the price falls below the 20-day EMA, it will signal that the bulls are quickly exiting their positions. The pair may then drop to 1,680 and subsequently to the 200-day SMA (1,482).

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