Hi everyone,
The most anticipated event on crypto just happened a few days ago, but the price didn't reflect that. As you see on the chart, there is one important trendline; if Ethereum breaks that trendline, a ~66% drop will be on the horizon. This drop will lead ETH price to 1.272-1.414 fib level territory, which is between ~$569 and $406.
I think the price will find the bear market cycle bottom there.
Please hit the boost button if you agree and tell me what you think.
Thanks.
The most anticipated event on crypto just happened a few days ago, but the price didn't reflect that. As you see on the chart, there is one important trendline; if Ethereum breaks that trendline, a ~66% drop will be on the horizon. This drop will lead ETH price to 1.272-1.414 fib level territory, which is between ~$569 and $406.
I think the price will find the bear market cycle bottom there.
Please hit the boost button if you agree and tell me what you think.
Thanks.
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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.