We did this analysis last month and the price is still coming down based on the Descending Triangle.
First target is $754. This actually is sad because I am a big supporter of Ethereum and what it stands for with future technology with smart contracts.
But right now, it can't beat the Crypto Season of snow and will continue down...
I will wait for Ethereum to hit about $2,000 before I buy a couple of them for long term investments.
Until then, this winter can last a few years before the aftereffects from FTX, BTC, Luna and Crypto.com (soon) resolve.
First target is $754. This actually is sad because I am a big supporter of Ethereum and what it stands for with future technology with smart contracts.
But right now, it can't beat the Crypto Season of snow and will continue down...
I will wait for Ethereum to hit about $2,000 before I buy a couple of them for long term investments.
Until then, this winter can last a few years before the aftereffects from FTX, BTC, Luna and Crypto.com (soon) resolve.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.