ETH/USDT : Short-term corrective pattern in progress before rise

ETH/USDT : Short-term corrective pattern in progress before rise

Context : The ETH is progressing with an upside trend towards 3780, the ETH is offering now a nice opportunity to buy the dip within a corrective form (Blue rectangle as previously done in the trend. Buy the dip above 2980 , as long 3420 is not surpassed the corrective pattern is in progress to challenge the support.

Previous long-term an analysis here :

Short-term view - coming days

Buy any dips from now to max 2990 in order to play new rise towards previous top and play 3780

Enjoy my friends !

Trade closed: stop reached:

Update :

The short-term view above is invalidated after the penetration of 2980 support in daily close.

An alternative case has been triggered opening as maximum downside risk the Tactical Support on the upper horizon at 2760 before rise (here full analysis : www.tradingview.com/...date-70-upside-move/)

The short-term picture is mixed to bullish, and the delay with ETH2.0 merging could push the ETH towards a test of 2340 max if 2760 is penetrated.

The key resistance remains 3780 for now to surpassed to validate the bull run expected

KEY SUPPORT ZONE FOR HOLDER = 2340/2760