Our beautiful ascending channel is still here despite this correction from ETH and we have room to go lower and still remain bullish.
As such, watch closely the support at $3k which presents a good buy opportunity if you are aiming for $10k. If BTC reverses course at the current price of $42k and pumps, it's likely ETH will also stop falling and return back on trending higher.
For now the indicators remain bearish on daily view, however on 4h the indicators are already turning bullish, hence we need to wait a few more days to get confirmation of the trend reversing. Do not exclude another leg down on ETH before it will pump back up.
30% discounts do not come often in the bull market, so take advantage and buy the dip. :)
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As such, watch closely the support at $3k which presents a good buy opportunity if you are aiming for $10k. If BTC reverses course at the current price of $42k and pumps, it's likely ETH will also stop falling and return back on trending higher.
For now the indicators remain bearish on daily view, however on 4h the indicators are already turning bullish, hence we need to wait a few more days to get confirmation of the trend reversing. Do not exclude another leg down on ETH before it will pump back up.
30% discounts do not come often in the bull market, so take advantage and buy the dip. :)
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
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