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Just as my earlier prediction for all of us, the coin fell as expected, ETHUSDT maintained its previous downtrend and shows no signs of cooling down. Today, it continues to decline, currently hovering around $3,364, marking a significant 4% drop on the day.
Volume is still decreasing, the H4 setup shows strong market resistance after creating a previous breakout zone. In particular, with ETHUSDT quickly cooling down after the sharp decline right now, I expect it to quickly rebound and test Fibonacci 0.618 (3448). If the price quickly corrects and quickly returns to wave 3 following a downward DOW setup, the likelihood of a breakout increases. Fundamentally and technically the Bitcoin market is showing weakness so we can expect a selling strategy after this recovery period.
Just as my earlier prediction for all of us, the coin fell as expected, ETHUSDT maintained its previous downtrend and shows no signs of cooling down. Today, it continues to decline, currently hovering around $3,364, marking a significant 4% drop on the day.
Volume is still decreasing, the H4 setup shows strong market resistance after creating a previous breakout zone. In particular, with ETHUSDT quickly cooling down after the sharp decline right now, I expect it to quickly rebound and test Fibonacci 0.618 (3448). If the price quickly corrects and quickly returns to wave 3 following a downward DOW setup, the likelihood of a breakout increases. Fundamentally and technically the Bitcoin market is showing weakness so we can expect a selling strategy after this recovery period.
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