TradingView
CryptoBlanco
May 24, 2022 9:44 AM

Ethereum could go below $1,000 

Ethereum / TetherUSBinance

Description

#Ethereum is hanging by a thread, a break of $1791 with candle closures, guarantees a price correction to 1.37k - 1k demand zone. A hold of the above region could lead price to rise to 2.4k - 2.2k supply zone and continue to 2.65k - 2.95k regions possibly. If we reach this key daily supply area, we could see a sharp drop down to 1K as its a major order block and liquidity level.
As of now #Eth is forming lower lows and is very bearish, a push above is just to form lower highs comparatively and in turn trapping retail trader to grab liquidity. DO NOT INVEST AT THESE CURRENT LEVELS, wait for better prices to come to you below 1K ,IMO.
Comments
CryptoBlanco
Comment your thoughts on where you see Ethereum going next ?
Tradersweekly
@CryptoBlanco, Thanks for posting. I am bearish, here is my view:
More