As the crypto market moves into a potentially precarious position on Monday morning, some cryptocurrencies are approaching good buy zones. It’s a case of buying if you have conviction, but watch out if this bull market slips further into the red.
A bounce for $ETH from support zone is likely
Source: TradingView
The $ETH price is down more than 5% so far on Monday morning. Is there more downside to come? This is quite possible, but as can be seen in the 4-hour chart above, if the price does come inside the support zone, it looks like a buy, especially given that the bottom of the descending channel is also lending its support.
At the bottom of the chart, the Stochastic RSI indicators are hitting the bottom, and so a bounce back up should be incoming.
Rising 200-day SMA also to lend support
Source: TradingView
The daily chart illustrates how the $ETH price has traversed inside of the descending channel/bull flag. It can be seen that there is the possibility of a dip do
We współpracy z: https://cryptodaily.co.uk/2025/11/is-ethereum-eth-in-a-prime-buy-zone
