Ethereum has been rather predictable this week as far as it's pivot points.
We seem to be in a short term bull trend so breaking thru $2914 should bring a retest of 3000. If we break $3000, then we will see a higher high and a possible trend midterm reversal.
If ETH breaks below $2767, then expect retest of support at $2600. This is a pivot point. Below $2600 and the next major support is $2400. A dip past that breaks our short term trend and we could see it heading towards $1750 again over the next week.
Right now I remain short term bullish (let the trend be your friend) and am watching for a retest of $3000.
We seem to be in a short term bull trend so breaking thru $2914 should bring a retest of 3000. If we break $3000, then we will see a higher high and a possible trend midterm reversal.
If ETH breaks below $2767, then expect retest of support at $2600. This is a pivot point. Below $2600 and the next major support is $2400. A dip past that breaks our short term trend and we could see it heading towards $1750 again over the next week.
Right now I remain short term bullish (let the trend be your friend) and am watching for a retest of $3000.