Ethereum is still in a sideways channel on smaller timeframes, where we are looking for the price to reach the $2,834 area. Once there, we will be monitoring closely to see either the breakout from there or another rejection and smaller ride to lower zones.
Overall we are bullish on ETH; liquidity needs to flow here now.
Swallow Academy
Overall we are bullish on ETH; liquidity needs to flow here now.
Swallow Academy
Note
Ethereum is doing much better compared to Bitcoin, that's for sure, but it does not mean that ETH is not struggling.
We see the pressure that sellers are putting on, trying to regain the control over the 200EMA, which is a crucial area for us right now.
So while we keep our target at $3000 (first target), we also keep close attention to that moving average, where if we lose dominance, we might be heading to lows here...
🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.
🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.