ETHUSD Based on the previous bear market patterns ethusd still has a much more way to go down suggesting a downwave upto 100 dollar range. This may sound crazy but the downside target could be expected in a couple of days.
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Could Even have dip to 4.764 extension (extreme case) upto 42 dollars
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If you want any confirmation candle buy eth when it closes a first candle above 4H 9 ema
if eth go belows 150 it will go to 0, cos minners are ALREADY shutting down, no profitability anymore, AND no minners, no crypto world.
llertas
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@Karonte, You are right! ETH mining is already not profitable (except in China) and after Constantinole fork in October, there will be only China. If the price drops below 150$, ETH will become the most centralized coin, if it survives running on such few miners... Things would be very very bad!
veerakumarnice
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@Karonte, have a look at this. Everyone wants it at 150 but it could go deep below with instant reversal creating a long wicked doji. Hitting 100 to 110 is still having much more probability based on the retracement levels of this dump.
nickhalden1
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Nice chart bro! I've also seen Dude's analysis on ETH that I really loved. You should check it out and see what you think!