ETH is approaching a key support to keep it above 2800. Key support is the 50 DMA. If the 50 DMA is broken down, it could face a correction similar to BTC and there is a chance of <$2000 ETH. So far we have a hidden bullish divergence as another form of confluence here. Crypto markets are very sour right now so this move is still a 50/50 but if ETH does bounces off this moving average there is a good chance that a new ATH will be formed, looking around 4500-5000 in the next 30 days. (Only if the given confluences are to be respected)
as much as you guys say is going up, it really is going down. ETH will not reach $5000 this year at all.
CreativeSelf
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@Vehap, Only time will tell friend. Perhaps do you mind sharing your TA, wouldn't mind learning a thing or two as I am still relatively new to trading Crypto markets since I came from Forex.
I honestly didn't expect ETH to hit 4K early this year. Besides, there are crazier predictions that analysts have made about Ether this year so honestly 5k is a decent target if you factor in EWA, ETH is currently on a wave 4 correction.
Either way, bull or bear there's money to be made both sides. I can easily hedge my ETH positions or close my longs and short until the market finally bottoms and accumulation begins.
Cryptomania2363
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@Vehap this guy here Vehap has nothing to share. He’s got rekt hard , even recently his 🍑 got clenched this hard 🤌🏿 . He now wishes people the same, happy jelly 🍑 🤌🏿 liquidation