Ethereum / TetherUS
Short

ETH - Bounce Zones - Nears the End for BULLS

73
Hello Fello's ☕

I'm watching Ethereum today and I believe it may be very close to the end of it's bullish cycle.
I think what could become likely is an extended altseason, where Bitcoin trades around the same price for some time, and Ethereum increases slightly. Afterwhich smaller altcoins (by marketcap) make random rallies before the beginning of a bearish cycle (which is due, see my previous BTC update).

There's an interesting channel here that previously determined bounce zones... I don't believe the channel itself will hold as much value going down, but this zone may be a likely bounce zone - around $3k.
snapshot

Key bounce zones to watch include:
snapshot

I'm not saying it will be this straightforward, but this image demonstrates the power of bounce zones for swing trades:
snapshot

Next update will be when we've lost the first support zone.
Until then!

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