Over the last couple of weeks, ETH has lost around 50% of its value. A massive sell-off which has brought us far below $1000 at some point.
In today's market, we're seeing the first signs of reversal/consolidation appear on the charts. In ETH's case, an inverse head & shoulder pattern has emerged. This is classically a bullish reversal pattern.
I'm looking at $1250 as a short-term target, $1500 longer-term. If we can get a break from selling off we might actually see a week or two of bullish price action coming our way.
In today's market, we're seeing the first signs of reversal/consolidation appear on the charts. In ETH's case, an inverse head & shoulder pattern has emerged. This is classically a bullish reversal pattern.
I'm looking at $1250 as a short-term target, $1500 longer-term. If we can get a break from selling off we might actually see a week or two of bullish price action coming our way.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.