Ethereum has been rattled by the ongoing sell-off at the crypto market. Just failing to make new ATHs it crashed already to a hard rocky -30% bottom @ $950.
As all crypto assets it is desperately to to cling to a support line.
The $900 level seems to be the best hope right now. Mid-February 2018 this was a resistance level and could now turn into support.
Also the $900 level is a 0.618 fib. retracement level considering the rise from end of November 2020.
Ethereum may also "only" retrace to the -30% bottom at $950 for building support.
There of course potential Bitcoins selling pressure will push Ethereum down lower to $750.
If Ethereum manages to close this week at above $1k that would be a good starting level to continue the bull run.
That level is the upper Bollinger Band.
Short-term these next couple of days rather short / bearish, but beyond that if Ethereum conquers back the upper Bollinger Band bullish again.
This may just be the best buy-in opportunity available before the parabolic rise of Ethereum t0 20k.
More on that later.
As all crypto assets it is desperately to to cling to a support line.
The $900 level seems to be the best hope right now. Mid-February 2018 this was a resistance level and could now turn into support.
Also the $900 level is a 0.618 fib. retracement level considering the rise from end of November 2020.
Ethereum may also "only" retrace to the -30% bottom at $950 for building support.
There of course potential Bitcoins selling pressure will push Ethereum down lower to $750.
If Ethereum manages to close this week at above $1k that would be a good starting level to continue the bull run.
That level is the upper Bollinger Band.
Short-term these next couple of days rather short / bearish, but beyond that if Ethereum conquers back the upper Bollinger Band bullish again.
This may just be the best buy-in opportunity available before the parabolic rise of Ethereum t0 20k.
More on that later.
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.