ETH - 2700$ key support, will it hold?

Keeping this one short, simple and stupid.

Think we won't see a real move until monthly close, I expect another drop around monthly open into key support around 2700$, think there is a high chance it will hold. Key level to break would be 3400$, but this would just be the first step. If we see 3800$ break with momentum, we should target ATH within few days. From there we shall see. Still convinced we see 10k ETH in the future, most likely this year.


Stay safe.

Bình luận:

As expected, not much has happened. Now we had a strong push towards 3.4k but ETH could not hold systemic trend and fell back below 3.2k today, which I consider a sign of weakness. It could still hold here and we might see a move up later this day or tomorrow. Monthly open will give us more information about where the market could be heading. My idea of retesting 2.7k could still happen, but it could also frontrun this level and find a bottom around 2.8k. However, if we see 3.4k get taken out chances are 3k might have been the bottom already. Still very choppy overall.

Stay safe.

Bình luận:

Now there it is, got the timing right on this one. Think it's still a bit too early to step back in, but given the prices I am in no rush buying.

Maybe on more dip into 2.7k later this day.

Bình luận:

Looks like ~2.8k was the bottom. Think there are a LOT of people who wanted to buy 2.7k and are now sidelined :) Not uncommon for crypto to frontrun obvious levels, actually it's the norm.

Anyway, ETH lookind decent right now. If we manage to hold above ~3k coming days we should see another push towards 3.4k soon. From there the levels I mentioned earlier in this analysis are still valid but I give this attempt a high chance of succeeding.