ETH doesn't feel so good, more meltdowns are incoming till the end of 2022. A few things are worth mentioning what I see on my chart:
- The price broke the major S1 Pivot point of 1,264 Level and so the price is back in the Daily Bearish channel and forming new Lower Highs.
- The MA 50&200 is above the current price
- RSI is at 50 and there is more space to go below 20 it should stay there for a while and I'm expecting the price to meet the 980 Level.
If the 980 Level breaks It should fall deeper On a short-term basis 955 is expected. For the Long term, if all roomers with the Crypto winter came out to be true, I'm pretty sure we will see ETH fall to the 756 Level.
on the other hand, if the 1463 Level breaks back the resistance than I will expect the price to bounce back at 1750.
Be prepared, and careful, and good luck traders. May the Pip Gods be with you!
- The price broke the major S1 Pivot point of 1,264 Level and so the price is back in the Daily Bearish channel and forming new Lower Highs.
- The MA 50&200 is above the current price
- RSI is at 50 and there is more space to go below 20 it should stay there for a while and I'm expecting the price to meet the 980 Level.
If the 980 Level breaks It should fall deeper On a short-term basis 955 is expected. For the Long term, if all roomers with the Crypto winter came out to be true, I'm pretty sure we will see ETH fall to the 756 Level.
on the other hand, if the 1463 Level breaks back the resistance than I will expect the price to bounce back at 1750.
Be prepared, and careful, and good luck traders. May the Pip Gods be with you!