Price is currently reacting with 4hr 200 and I believe it will break through this point as the momentum of the sell-off is very strong.
I am now watching the 900 mark for a possible opportunities to add to ETH holding.
Within the marked zone, we have :
- 1hr 200
- 382 + 886 fib
- 900 (round number)
- Possible support present within previously formed structure (as marked by teal zone)
I will be watching for confirmation of entry via how price action interacts with this point & will post updates as soon as I can. My expectation is that we might see a potential probe lower than 900 + rejection back above 900 (this should be enough reason for an entry provided price action momentum looks suitable).
Trade with care.
Targets are just under 1k and 1.1k