ETH Bullish Mid-Term Price Prediction
The 4h and Daily Charts are beginning to give bullish reversal signals. It looks like a break of structure on June 19th and price is slowly retracing to the 50-61.8% Fibonacci levels. This is also a strong demand area, providing confluence. If price makes it back to $1,000 in the next few days, I will be looking for longs to take out the June 21st highs above $1,193.
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.