Please note this is not financial advise but just a quick look of 2 completely different scenarios, if Ethereum were to bounce from this point (fib 0.382) to $3800 that would confirm the continuation of the uptrend and we could be seeing the resume of the ascent to 5k+, if we were to go down from here then it would take us to the Fib .618 level that would probably put in jeopardy the next 2 years waiting for Bitcoin next halving that has always been a trend triggerer
At this point I already cashed out some profits at a higher level but I still have the feeling the trend is not over yet so I'm hanging onto my position, there has not been enough alts movement yet and makes me wonder if there'll be another push, also Ethereum seems to be performing better than Bitcoin lately and the over all uptrend of ETHBTC still has fuel in it (more on that in another idea)
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.