The vast majority of traders really expect prices to continue falling, not only for ETH, but across the entire cryptocurrency market. It seems to me that everyone is already disappointed and devastated by all this, so they are not expecting a new ATH. I'm not even talking about unrealistic goals, such as 11-13 thousand for 1 ETHEREUM, not because I'm afraid to say it, not at all, I just want to show the lowest, absolutely logical goals that I see without any special equipment. The first is $5,601, the second is $7,001, and when we get there, we'll keep talking about it.
I believe that everything is much simpler than people try to distinguish and understand. We have a strong bullish trend from 1381 to 5006 with a solid and very valuable imbalance zone of 2301-2830, which is also the 0.618 FIBO level of the entire trend. A perfect correction and reaction from this level. Moreover, we have a breakout of the daily trend line on the RSI. Whatever happens, don't follow me, this is just another opinion. Time will tell who is right.
I believe that everything is much simpler than people try to distinguish and understand. We have a strong bullish trend from 1381 to 5006 with a solid and very valuable imbalance zone of 2301-2830, which is also the 0.618 FIBO level of the entire trend. A perfect correction and reaction from this level. Moreover, we have a breakout of the daily trend line on the RSI. Whatever happens, don't follow me, this is just another opinion. Time will tell who is right.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.