ETH, back to 4000 soon?
Hello everyone,
considering the recent strong movement in ETH, I expect the bullish trend to continue towards 4000 within the next weeks. The green area (0,5 - 0,681 fib) should provide good support for new long positions.
Only a break below approx. 2800 would indicate a more bearish sight of the market.
considering the recent strong movement in ETH, I expect the bullish trend to continue towards 4000 within the next weeks. The green area (0,5 - 0,681 fib) should provide good support for new long positions.
Only a break below approx. 2800 would indicate a more bearish sight of the market.
Note
Unfortunately ETH is underperforming BTC. The most important level to decide if ETH can also start a major rally will be 3600. That's why I think that this level will be tested, even if it is corrective price action.Trade closed: target reached
First target reached as shown in the chart. A correction to 3300 could follow but it's unlikely that a major top was reached here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.