TradingView
Chloster
Jun 8, 2021 7:26 PM

ETH Mid-term Outlook 

Ethereum / TetherUSBinance

Description

1. *Bearish* A higher low isn't formed and price continues to grind down making a new lower low breaking market structure again and heading to $1500

2. *Bearish* Price forms a higher low here and continues up to the $3300 region making a higher high before breaking down similar to the 2013 top

3. * Bullish* Price forms a higher low and stalls at $3300 before finding support at $2900 and then stalling again at weekly resistance @ $3700 which paves the way for $5000+

Comment

Door number 1 it is
Comments
BurakB_
Greayt analysis

.
cryptochatter
Only #2 seems likely to me, but the retrace you drew doesn't make sense to me
Chloster
@acthorne00 Just general direction
More