Eth might likely dump anywhere around the marked red zone to:
Here’s why.
- First target = 443.90
- Second target = 412.16
Here’s why.
Note
On the daily timeframe, price is going bullish to test the resistance of the respected channel.
Note
On the 4 hour timeframe, asides the confirmed zones which was clearly marked out, we seen a wedge formation on the chart which is a bearish reversal pattern. But first of all, I am expecting a retest on top zone according to how the movement of the market has been as you can see.
Note
On the fundamental side, I really know the how effective ETH 2.0 will be on the price movement so I am just working with clearly technical analysis.
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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.