As my last Ethereum post discussed being a buyer around the $2000 level, the crypto has bounced off of its $2000 price point, or 61% retracement level from its ATH. A "close" above the $2500 level would indicate a reversal in my opinion, as the crypto finds support within its Fibonacci channel within the $2000 - $2500 range. Still trading above its 200DMA, but dip buyers are relentless which means a bullish reversal due to demand is likely.
Link below was the forecast made last week.
Link below was the forecast made last week.
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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.