ETH experienced a strong pump, signaling the start of an altseason. However, on the 1D chart, it appears overheated and may require a correction.
A strong support level is at $3,100, and there is a high probability that ETH could continue its correction toward that support before bouncing back and moving higher, as suggested by the 1D chart.
That said, the 1W chart shows ETH still in an upward trend, indicating the possibility that this scenario might not play out due to the continued weekly momentum.
As always, DYOR (Do Your Own Research).
A strong support level is at $3,100, and there is a high probability that ETH could continue its correction toward that support before bouncing back and moving higher, as suggested by the 1D chart.
That said, the 1W chart shows ETH still in an upward trend, indicating the possibility that this scenario might not play out due to the continued weekly momentum.
As always, DYOR (Do Your Own Research).
交易進行
$3600 ETH is resisting well to this BTC dump.交易結束:目標達成
I hate say it again, but this was spot on. I identified the bottom of the fall ($3100) and we reached it EXACTLY.I am closing this idea and I will publish a new one if necessary.
This week end we are having a nice bounce, but the charts are saying that this pull back is not finished, so next week might be in red. Here is a final updated chart.
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