Hello tradingveiw and crypto community
lets have a Similar analysis for Ethereum ,like as what we had in last analysis for bitcoin
as you can see ETH has Lost the channel of 3k-4 then 2k-3k channel with an impulse movement has caused some traders to believe that ETH continue its massive drop to the lower channel without any correction wave , but same as bitcoin , It doesn't make sense to go all the way down to the lower channel ( below 1k level ) at least without taking a break . So I guess it will return to channel 1k-2k once again and fluctuate at least some time in this channel . although it doesn't mean that ETH can not fall more again , under 1k level , because of bearish market may fall again and I guess , ETH may drop again -21.7% to lower the price about $ 783 that is equal to difference of 4k to ETH's ATH (21.7 %) . take it mind that this analysis wasn't the determination of the floor price of the ehtereum, because in such a bearish market it can even see the lower price may $500 , but if this happen I'm sure most altcoins will be diminished (0) in the in this case.
Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
lets have a Similar analysis for Ethereum ,like as what we had in last analysis for bitcoin
as you can see ETH has Lost the channel of 3k-4 then 2k-3k channel with an impulse movement has caused some traders to believe that ETH continue its massive drop to the lower channel without any correction wave , but same as bitcoin , It doesn't make sense to go all the way down to the lower channel ( below 1k level ) at least without taking a break . So I guess it will return to channel 1k-2k once again and fluctuate at least some time in this channel . although it doesn't mean that ETH can not fall more again , under 1k level , because of bearish market may fall again and I guess , ETH may drop again -21.7% to lower the price about $ 783 that is equal to difference of 4k to ETH's ATH (21.7 %) . take it mind that this analysis wasn't the determination of the floor price of the ehtereum, because in such a bearish market it can even see the lower price may $500 , but if this happen I'm sure most altcoins will be diminished (0) in the in this case.
Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
