ETH falling but the end is near

Ethereum didn't hold neither above 255 nor 250, although it stayed above that support zone for another 6 days. Drop below 250 caused sharp bearish move and started the fall. As it goes, price can all to green support zones within several days. Watch for these zones as they may bring a good bounce.

Support at 22525 might bounce if BTC will start retracement now from ~9250 zone. But BTC in uptrend, and betting against bullish BTC is same risky, as shorting on 2/3 to strongest support.

April 23rd post: While ETH stay above 255 it is very bullish. But fall to 250 also won't kill its bullishness too much.

🎯 Resistance 22525 - 23020 - 23600 - 23900
🛒 Support 21830 - 21515 - 21050

Comment:

ETH reached second target from last update an bounced. Not much interesting. Still doesn't look very strong. Might drop to 20700-20400-20000. But seem to be very close to bounce. If drop below last mentioned support, it is doomed to go down to 19000

🎯 Resistance 22525 - 23020 - 23600 - 23900
🛒 Support 21830 - 21050 - 20700 - 20000

Comment:

ETH still moves above 21000 support within ~3% range under 21800 resistance. As I previously wrote, drop down to 20700 seem to be logical as this support is too appealing to ignore. Little lower 20400 also possible, but already scary for bulls, as it will be the last line before the bigger dump. Overall atmosphere around Ethereum is getting warmer - lots of people expect it to be among most bullish coins this year. Following month will show.

🎯 Resistance 21830 - 22525 - 23020 - 23600
🛒 Support 21050 - 20700 - 20400 - 20000

Comment:

Forecast for 20700 ✅ Might bounce back a little, but seems that 20400 is coming next.

Last post: drop down to 20700 seem to be logical as this support is too appealing to ignore. Little lower 20400 also possible, but already scary for bulls, as it will be the last line before the bigger dump.

🎯 Resistance 21050 - 21400 - 21830 - 22525 - 23020
🛒 Support 20700 - 20400 - 20000 - 19200 - 18800

Comment:

Hope you follow our analysis. Since beginning of May we follow Ethereum fall and it bounced from 20400 support. Should breakout on that attempt. Although targeting 22500-23000 resistance, after hitting it should come back to ~21000 support. Top of channel range is at 24000, but it may take another month to get there.

May 14th post: ...seems that 20400 is coming next. So far early to go long. Not until 21050 become support.

May 9th post: Might drop to 20700-20400-20000. But seem to be very close to bounce.

Comment:

ETH bounced from support zone we marked as target back on May 6th and breakout that descending trendline ✅ First resistance on the way at 21818 was easily broken, but till price haven't closed candle above, still open as an important level attracting price back. Waiting for other targets to be hit.

💡 If fail to grow above 22000, Ethereum may form a consolidation channel between ~20700 and 22000. In this case buy longs from 20700-21050 support zone.

May 14th post: ...seems that 20400 is coming next. So far early to go long. Not until 21050 become support.

May 9th post: Might drop to 20700-20400-20000. But seem to be very close to bounce.

🎯 Resistance 21830 - 22525 - 23020 - 23600
🛒 Support 21400 - 21050 - 20700 - 20400 - 20000 - 19200