Ethereum at top of long term channel. SHORT
As you can see this has been a major channel that we have been following for months. It is important to use log charts for long term timeframes. A large correction is probable to low 500s usd. With a large stock market march 2.0 crash looming early 2021 a liquidity crisis will force us down heavily short term. I am very bullish long term but short term im out. Be very cautious at these levels. Bitcoin is ready for a big pullback as well and will drag us down with it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.