As long as prices remain trading above $1010 we remain bullish on Ethereum all day.
Yesterday's we have a high volume hammer candlestick pattern, this signals a potential trend reversal, we just need to wait for confirmation as mentioned above.
Perfectly possible to get a nice bounce here, Alan, into which I will sell my remaining stack. But I seriously doubt this is the bear market low. A further 50% drop this year seems quite plausible given rampant inflation, the many new variants of monkey pox, the growing food and energy crisis, China /Taiwan, Tether FUD etc. In fact, however crazy, I don't rule out a revisit of the March 2020 low sub-$90. Never say never! :)
terrobility
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@alt1000, I agree. Other technical analysis has suggested it will have a temporary rebound to $1400 and then drop down to the ~$600 mark.
sonias8s
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@alt1000, lolll u supposed to sell them last year, on next bounce is still a shity price .
alt1000
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@sonias8s, You genius, you! Now 3 Arrows has gone kaput, Celsius is on the way out, etc have you thought of setting up your own fund?
PS Note I said 'remaining stack', being in my case 1/10th of my original holding.