Long

Ethereum - Is everything already over?

Updated

is struggling to break above the previous all time high and might correct soon.

Please don't look at headlines and news regarding cryptocurrencies. Overall these messages are just preventing you from objectively looking at the chart. Ethereum is creating higher highs and higher lows, meaning that Ethereum is trading in an uptrend. Even if Ethereum is not able to break above the previous all time high, market structure still remains decently bullish.

Levels to watch: $4.000, $2.200

Keep your long term vision,
Philip - BasicTrading

Note

Quick update on Ethereum:

Please do me and yourself a favor and don't get caught up in the short term moves. Especially on Ethereum it is quite crucial that you zoom out and look at the higher timeframes. Even if Ethereum drops -30%, market structure is bullish!

Levels to watch: $2.200

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