Ethereum! Anticipating a retracement from Weekly Zone 3,519$ and monthly zone 3,346$. Wow! What an ascent that we have observed in recent weeks. A bull market typically has healthy retracements from profit taking and to clear late buyside liquidity. Gathering liquidity is necessary to continue the upside campaign and so we may retrace and consolidate for some time before the train continues. All other technicals explained in the video.
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Please share your feedback if this analysis was useful.
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Update, Price has creased the Weekly Zone $3,519
Buyers appear to remain in control
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Next target for Buyers, if we continue
to remain above $3,519, will be 3,796
to remain above $3,519, will be 3,796
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Buyers Fomo'd price up to 3,796. After touch that Daily Resistance level we observed a selloff down to our first target 3,346
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Our next target for shorts is 3,050 .
which would be a healthy retracement distance from the current price of 3,510. this would be a 13% retracement.
which would be a healthy retracement distance from the current price of 3,510. this would be a 13% retracement.
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we touched into 3,050 as anticpated. We pushed further to the upside than I originally thought..
