Collapse of ethereum starting 17-24 February 2023
Updated
SPY and DXY indicate crypto is probably topped.
If eth doesn't hold 1650, I reckon this will be the start of the leg down to sub 1k.
Next target is 1420 and
I think 1420 will be violently sold into.
There's very little chance 1100 will hold again.
next supports at
980
potential support at 875
Strong potential support at 620
All in all I think on the balance of probabilities we will see 470 and maybe a short trip to 250-300 on a wick basis.
If eth doesn't hold 1650, I reckon this will be the start of the leg down to sub 1k.
Next target is 1420 and
I think 1420 will be violently sold into.
There's very little chance 1100 will hold again.
next supports at
980
potential support at 875
Strong potential support at 620
All in all I think on the balance of probabilities we will see 470 and maybe a short trip to 250-300 on a wick basis.
Note
right at short term support, hanging by a thread
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