Based on recent market trends, ETH has nearly doubled since its rebound from the bottom. Currently trading below a key resistance level, the question arises - what's next for ETH
- Red pill/line: ETH breaks through the $2k resistance level, paving the way for a significant bull run.
- Blue pill/line: ETH retests the
1K support level, followed by a continuation of the 2020 market trend.
Aside from Layer 2 (L2) solutions and meme-driven narratives, there is no new major story in the market. The Federal Reserve's interest rate decision remains uncertain, and selling pressure from staked ETH adds to the mix. Considering these factors, I believe the blue scenario has a higher likelihood of playing out.
TO DA MOOOOOOON!!!
NOTE:
Investors should always conduct thorough research and consider their risk tolerance before making any investment decisions. This analysis is for educational and informational purposes only and should not be construed as financial investment advice.
- Red pill/line: ETH breaks through the $2k resistance level, paving the way for a significant bull run.
- Blue pill/line: ETH retests the
1K support level, followed by a continuation of the 2020 market trend.Aside from Layer 2 (L2) solutions and meme-driven narratives, there is no new major story in the market. The Federal Reserve's interest rate decision remains uncertain, and selling pressure from staked ETH adds to the mix. Considering these factors, I believe the blue scenario has a higher likelihood of playing out.
TO DA MOOOOOOON!!!
NOTE:
Investors should always conduct thorough research and consider their risk tolerance before making any investment decisions. This analysis is for educational and informational purposes only and should not be construed as financial investment advice.
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Blue pill/line on the way~Note
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2K is the MAIN resistance Now, or ETH will goes down to 1.5K along with BTC
we will see~
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2K target done, now we are on 28K resistance, will we down to 15K/20K again, or for potential 35K first(from ETH/BTC pair)
The final shot is soon
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typo: 2K target done, now we are on 2.8K resistance,
will we down to 1.5K/2K again, or for potential 3.5K first(from ETH/BTC pair)
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Following the red line currently~ Break 4200 will bring ATH soon, have fun!
plus, ETH/BTC pair back to 0.1, WEN ALT SEASON?
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Blue pill go go go~
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.
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.