Ethereum! Anticipating a retracement from Weekly Zone 3,519$ and monthly zone 3,346$. Wow! What an ascent that we have observed in recent weeks. A bull market typically has healthy retracements from profit taking and to clear late buyside liquidity. Gathering liquidity is necessary to continue the upside campaign and so we may retrace and consolidate for some time before the train continues. All other technicals explained in the video.
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Note
Update, Price has creased the Weekly Zone $3,519Note
Next target for Buyers, if we continue
to remain above $3,519, will be 3,796
Note
Buyers Fomo'd price up to 3,796. After touch that Daily Resistance level we observed a selloff down to our first target 3,346 Note
Our next target for shorts is 3,050 .which would be a healthy retracement distance from the current price of 3,510. this would be a 13% retracement.
Note
Note
we touched into 3,050 as anticpated. We pushed further to the upside than I originally thought.. 
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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.