It is (potentially) over, guys. Ethereum fell below $1658, which is reason enough for us to assume that we have now entered a bear market. Therefore, we expect the price to further decline. On its way down, we expect to also cross the mark of $1445 and ultimately land in an area between $1175.30 and $1048. From there, we will re-evaluate the situation. Until then, there remains a 40% chance that the bulls come back and pull Ethereum back up. However, this should happen fast. Below $1445, this alternative is going to be highly unlikely to become reality.
Stay focused!
Stay focused!
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Related publications
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.