Ethereum Lower Lows!!

16 thg 7, 2021

Ethereum has solidly rejected the neckline of our head and shoulders pattern. We were finding support at $1872, just two levels above $1795, our target from the head and shoulders pattern. However, at the time of this writing, we have just broken below $1872, and are currently hanging out around $1850. We should see good support between $1821 and $1795, which may make a good entry if you still have hope for a bull pump to come through. We should definitely at least see some ranging at those levels even if we do see another dump. Keep in mind, that the worst case scenario based on our analysis yesterday, is $1100 for ETH in the long term.