Ethereum Important supply & demand zones
I am a time traveler and I come from the future. This is a story that is told to our children.
Once upon a time, there was a cryptocurrency called Ethereum. People who traded Ethereum watched the price carefully. They noticed that when the price reached $2300, it would go down, and when it reached $800 (if $1200 didn't hold), it would go up. But something strange was happening. Banks were playing games with the money, and the range wasn't behaving normally. People watched and waited for a big change. Finally, the price went down a lot, and people who were watching carefully made some money. They learned that it's important to pay attention to the price and the key levels, even when things are strange.
We are in this range now. As long as $1200-$1350 holds, I believe will get to the $2300-2500 target this year. If that $1200 level fails, I think ETH can drop quickly to $800 which would be a 33% drop. Watch that weekly hidden bearish divergence (in white). It may be a significant sign of weakness if we don't get back into the diamond I've been discussing for a week or so.
Once upon a time, there was a cryptocurrency called Ethereum. People who traded Ethereum watched the price carefully. They noticed that when the price reached $2300, it would go down, and when it reached $800 (if $1200 didn't hold), it would go up. But something strange was happening. Banks were playing games with the money, and the range wasn't behaving normally. People watched and waited for a big change. Finally, the price went down a lot, and people who were watching carefully made some money. They learned that it's important to pay attention to the price and the key levels, even when things are strange.
We are in this range now. As long as $1200-$1350 holds, I believe will get to the $2300-2500 target this year. If that $1200 level fails, I think ETH can drop quickly to $800 which would be a 33% drop. Watch that weekly hidden bearish divergence (in white). It may be a significant sign of weakness if we don't get back into the diamond I've been discussing for a week or so.
CE - BitDoctor
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