{"id":270191,"date":"2022-11-12T02:30:31","date_gmt":"2022-11-11T21:00:31","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=270191"},"modified":"2022-11-11T19:16:59","modified_gmt":"2022-11-11T13:46:59","slug":"ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/","title":{"rendered":"Ethereum&#8217;s pullback at this level offers an entry position for long trades"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">ETH is on a pullback after a sharp recovery from the current market crash.\u00a0<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">Investors should watch the 0.236 Fib support level.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bitcoin (<\/span><a href=\"http:\/\/ambcrypto.com\/category\/bitcoin-news\/\"><span style=\"font-weight: 400;\">BTC<\/span><\/a><span style=\"font-weight: 400;\">) recovered from the 16.69K mark to 17K, injecting a lifeline into the industry. The king coin\u2019s gains also boosted altcoins.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ethereum (<\/span><a href=\"http:\/\/ambcrypto.com\/ethereum-eth-large-small-holders-attempt-accumulation-and-yet\/\"><span style=\"font-weight: 400;\">ETH<\/span><\/a><span style=\"font-weight: 400;\">), the altcoin king, is <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/ETH\"><span style=\"font-weight: 400;\">positively correlated<\/span><\/a><span style=\"font-weight: 400;\"> to BTC. As such, it witnessed a sharp recovery from $1,182 after BTC pushed to the 17K mark. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, ETH was trading at $1,253 and nursing a price pullback to a Fib level that could offer buying opportunities.\u00a0<\/span><\/p>\n<figure id=\"attachment_270194\" aria-describedby=\"caption-attachment-270194\" style=\"width: 1950px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-tv-multiple.png\"><img decoding=\"async\" class=\"size-full wp-image-270194\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-tv-multiple.png\" alt=\"\" width=\"1950\" height=\"1115\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-tv-multiple.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-tv-multiple-300x172.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-tv-multiple-1024x586.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-tv-multiple-768x439.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-tv-multiple-1536x878.png 1536w\" sizes=\"(max-width: 1950px) 100vw, 1950px\" \/><\/a><figcaption id=\"caption-attachment-270194\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">BTC\u2019s recovery nudged ETH into a price inflection, marking the zero Fib level as a support zone. At press time, ETH was healing off from a post-crash rally. We observed a price pullback on lower timeframe charts. The 12-hour timeframe chart exhibited the same trend.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The resting zone has been established at the 0.236 Fib level ($1216). The RSI retraced from the oversold territory, showing a reducing sell pressure. Correspondingly, the MFI also retraced from the oversold entrance level, showing accumulation was well underway for buyers. As such, $1,216 presents long trade entry positions with $1305 and $1307 as targets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The bullish inclination only holds if bulls can unleash high buying pressure in the coming days or hours to sustain the upward momentum. At press time, the OBV showed a downtick after a recent upside, thus showing uncertainty about incoming volumes that could dictate a strong sell or buy pressure.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A candlestick close below $1,073 would invalidate the bullish inclination. ETH&#8217;s drop beyond this level could extend it further downwards if bears gain leverage; hence, a stop loss below it is feasible.\u00a0<\/span><\/p>\n<h4><strong>ETH active addresses increase after price recovery from $1000<\/strong><\/h4>\n<figure id=\"attachment_270195\" aria-describedby=\"caption-attachment-270195\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-black-and-white-and-blue.png\"><img decoding=\"async\" class=\"size-full wp-image-270195\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-black-and-white-and-blue.png\" alt=\"\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-black-and-white-and-blue.png 1800w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-black-and-white-and-blue-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-black-and-white-and-blue-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-black-and-white-and-blue-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-black-and-white-and-blue-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><\/a><figcaption id=\"caption-attachment-270195\" class=\"wp-caption-text\">Source: Glassnode<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">ETH&#8217;s active address increased after the sharp recovery from the $1,182 mark. This shows that more active addresses were involved in ETH trading when its price surged. However, at press time, ETH had dropped slightly to below $1,300, and active addresses were also reduced.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The drop in active addresses likely indicates the current uncertainty on whether the ETH price will pump. ETH\u2019s negatively weighted sentiment further confirmed this uncertainty, at the time of writing.\u00a0<\/span><\/p>\n<h4><strong>Negative weighted sentiment exposes long-term ETH holders to more losses\u00a0<\/strong><\/h4>\n<figure id=\"attachment_270196\" aria-describedby=\"caption-attachment-270196\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-mvrv.png\"><img decoding=\"async\" class=\"size-full wp-image-270196\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-mvrv.png\" alt=\"\" width=\"2048\" height=\"693\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-mvrv.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-mvrv-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-mvrv-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-mvrv-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-mvrv-1536x520.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/a><figcaption id=\"caption-attachment-270196\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">According to the on-chain analytics platform, Santiment, ETH\u2019s weighted sentiment, slid into negative territory after enjoying a recent positive elevation. It means the aggregated sentiment around ETH was bearish, and a slight price drop is a testament to this.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unfortunately, the negative weighted sentiment is weighing down long-term ETH holders. The 365-day MVRV has been negative for most of the year, translating to losses. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">A bearish sentiment would extend the stay in the negative territory, exposing long-term ETH HODLers to more losses.\u00a0<\/span><\/p>\n<h4><strong>A declining volume could deny bulls enough buying pressure<\/strong><\/h4>\n<figure id=\"attachment_270197\" aria-describedby=\"caption-attachment-270197\" style=\"width: 2048px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-grey.png\"><img decoding=\"async\" class=\"size-full wp-image-270197\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-grey.png\" alt=\"\" width=\"2048\" height=\"693\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-grey.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-grey-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-grey-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-grey-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/bn-grey-1536x520.png 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/a><figcaption id=\"caption-attachment-270197\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The fall in volume, as shown by Santiment, could also undermine strong buying pressure to push the altcoin king upwards.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, investors need to be patient and check if buying pressure can build in the coming days. Also, tracking BTC movement could give a clear direction on ETH&#8217;s next move.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETH is on a pullback after a sharp recovery from the current market crash.\u00a0 Investors should watch the 0.236 Fib support level.\u00a0 Bitcoin (BTC) recovered from the 16.69K mark to 17K, injecting a lifeline into the industry. The king coin\u2019s gains also boosted altcoins.\u00a0 Ethereum (ETH), the altcoin king, is positively correlated to BTC. As<a href=\"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/\">Continue reading <span class=\"sr-only\">&#8220;Ethereum&#8217;s pullback at this level offers an entry position for long trades&#8221;<\/span><\/a><\/p>\n","protected":false},"author":70,"featured_media":270226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,32,66,3,4,20],"tags":[],"class_list":["post-270191","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-ethereum-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ethereum&#039;s pullback at this level offers an entry position for long trades - AMBCrypto<\/title>\n<meta name=\"description\" content=\"ETH is positively correlated to BTC. It witnessed a sharp recovery from $1,182 after BTC pushed to the 17K mark.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum&#039;s pullback at this level offers an entry position for long trades - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"ETH is on a pullback after a sharp recovery from the current market crash.\u00a0 Investors should watch the 0.236 Fib support level.\u00a0 Bitcoin (BTC) recovered\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-11T21:00:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/glen-rushton-Uwl7TRuTZqE-unsplash-e1668174325859.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Saman Waris\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SamanWaris11\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saman Waris\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\\\/\"},\"author\":{\"name\":\"Saman Waris\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/ad73a5a061fcfc27548aa27112d8b9d8\"},\"headline\":\"Ethereum&#8217;s pullback at this level offers an entry position for long trades\",\"datePublished\":\"2022-11-11T21:00:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\\\/\"},\"wordCount\":552,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/glen-rushton-Uwl7TRuTZqE-unsplash-e1668174325859.jpg\",\"articleSection\":[\"Altcoin\",\"Ethereum\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\\\/#respond\"]}],\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\\\/\",\"name\":\"Ethereum's pullback at this level offers an entry position for long trades - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/glen-rushton-Uwl7TRuTZqE-unsplash-e1668174325859.jpg\",\"datePublished\":\"2022-11-11T21:00:31+00:00\",\"description\":\"ETH is positively correlated to BTC. It witnessed a sharp recovery from $1,182 after BTC pushed to the 17K mark.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/glen-rushton-Uwl7TRuTZqE-unsplash-e1668174325859.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2022\\\/11\\\/glen-rushton-Uwl7TRuTZqE-unsplash-e1668174325859.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Ethereum's pullback at this level offers an entry position for long trades\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/ad73a5a061fcfc27548aa27112d8b9d8\",\"name\":\"Saman Waris\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Saman-pic-100x100.jpg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Saman-pic-100x100.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Saman-pic-100x100.jpg\",\"caption\":\"Saman Waris\"},\"description\":\"Saman Waris works as a Senior News Editor at AMBCrypto. She has always been fascinated by how the tides of finance and technology shape communities across demographics. Cryptocurrencies are of particular interest to Saman, with much of her writing centered around understanding how ideas like Momentum and Greater Fool theories apply to altcoins, specifically, memecoins.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/saman-waris-a7116b199\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/twitter.com\\\/SamanWaris11\"],\"knowsAbout\":[\"Technical Analysis\",\"Crypto Market Trends\",\"Crypto Market Analysis\"],\"jobTitle\":\"Senior News Editor\",\"worksFor\":\"AMBCrypto\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/saman-waris\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Ethereum's pullback at this level offers an entry position for long trades - AMBCrypto","description":"ETH is positively correlated to BTC. It witnessed a sharp recovery from $1,182 after BTC pushed to the 17K mark.","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum's pullback at this level offers an entry position for long trades - AMBCrypto","og_description":"ETH is on a pullback after a sharp recovery from the current market crash.\u00a0 Investors should watch the 0.236 Fib support level.\u00a0 Bitcoin (BTC) recovered","og_url":"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2022-11-11T21:00:31+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/glen-rushton-Uwl7TRuTZqE-unsplash-e1668174325859.jpg","type":"image\/jpeg"}],"author":"Saman Waris","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/SamanWaris11","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Saman Waris","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/"},"author":{"name":"Saman Waris","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/ad73a5a061fcfc27548aa27112d8b9d8"},"headline":"Ethereum&#8217;s pullback at this level offers an entry position for long trades","datePublished":"2022-11-11T21:00:31+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/"},"wordCount":552,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/glen-rushton-Uwl7TRuTZqE-unsplash-e1668174325859.jpg","articleSection":["Altcoin","Ethereum","News","News 1","Social","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/#respond"]}],"copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/","url":"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/","name":"Ethereum's pullback at this level offers an entry position for long trades - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/glen-rushton-Uwl7TRuTZqE-unsplash-e1668174325859.jpg","datePublished":"2022-11-11T21:00:31+00:00","description":"ETH is positively correlated to BTC. It witnessed a sharp recovery from $1,182 after BTC pushed to the 17K mark.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/ethereums-pullback-at-this-level-offers-an-entry-position-for-long-trades\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/glen-rushton-Uwl7TRuTZqE-unsplash-e1668174325859.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/11\/glen-rushton-Uwl7TRuTZqE-unsplash-e1668174325859.jpg","width":1200,"height":800,"caption":"Ethereum's pullback at this level offers an entry position for long trades"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/ad73a5a061fcfc27548aa27112d8b9d8","name":"Saman Waris","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Saman-pic-100x100.jpg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Saman-pic-100x100.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/04\/Saman-pic-100x100.jpg","caption":"Saman Waris"},"description":"Saman Waris works as a Senior News Editor at AMBCrypto. She has always been fascinated by how the tides of finance and technology shape communities across demographics. Cryptocurrencies are of particular interest to Saman, with much of her writing centered around understanding how ideas like Momentum and Greater Fool theories apply to altcoins, specifically, memecoins.","sameAs":["https:\/\/www.linkedin.com\/in\/saman-waris-a7116b199\/","https:\/\/x.com\/https:\/\/twitter.com\/SamanWaris11"],"knowsAbout":["Technical Analysis","Crypto Market Trends","Crypto Market Analysis"],"jobTitle":"Senior News Editor","worksFor":"AMBCrypto","url":"https:\/\/ambcrypto.com\/author\/saman-waris\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/270191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/70"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=270191"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/270191\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/270226"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=270191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=270191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=270191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}