ETHEREUM - 2871 Needs to Be Confirmed as New Support

Hi everyone,

Happy 15th of August for Greeks and the whole world. Great religious celebration today as we honor the mother of Jesus and all mothers around the world.

This is the daily Tradingview from FXPROFESSOR and today we will discuss ETHEREUM which might be the one to hedge, with a short, our exposure on BTC and ADA.
Ripple seems to remain super bullish with resistance at 1,42, Bitcoin has support at 45500 and a target at 57400 while Cardano is for us the one to focus on, our preferred option.

At this stage ETHEREUM needs to drop to 2871 at some point and look for support as it's a key level that has remained without a clear confirmation of this level a as support.

We believe that the price will need to visit that level sooner than later. Our ETHBTC chart also agrees with the statement and looks ready to drop.

REMEMBER: Always good idea to hedge! Take a look at the last time we proposed this here

and how beautifully it worked here

AT this stage we are Long an ADA and BTC, short on ETHEREUM while long position on Vechain and Sia also exist in our portfolio.

One Love,

the FXPROFESSOR