ETH analysis
NFA, DYOR!!!
On lower TF, ETH is moving in a symmetrical triangle, which is often a continuation pattern; the previous impulse was down, so expecting lower prices.
If the price goes up from here, I think 1380-1420 zone will be hard resistance to break.
The dollar is oversold, SPX and US30 are overbought after an epic rally, indicating that the dollar will go up, which means crypto will go down as well.
How low ETH will go?
If support of around 1000$ (psychological support also) do not handle, the marked red box below will be a great area for buying the dip and long-term investment.
I will enter on the grid, not all at once.
Stay safe.
On lower TF, ETH is moving in a symmetrical triangle, which is often a continuation pattern; the previous impulse was down, so expecting lower prices.
If the price goes up from here, I think 1380-1420 zone will be hard resistance to break.
The dollar is oversold, SPX and US30 are overbought after an epic rally, indicating that the dollar will go up, which means crypto will go down as well.
How low ETH will go?
If support of around 1000$ (psychological support also) do not handle, the marked red box below will be a great area for buying the dip and long-term investment.
I will enter on the grid, not all at once.
Stay safe.
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