Warning: our thoughts are ours; not financial advice.
Who freaked out yesterday during the dump.
A lot of people did, and if you were also, that's totally normal.
However, we've seen this play out over and over again. It looks like a movie you know the end right from the beginning.
At the end of the trading day yesterday, ETH closed right in its channel as we expected it would.
If you ask us this very moment what the next level to keep some profit is, we'll suggest the $2100 mark. This could change as things unfold in the coming days.
And do we think the price of ETH will retest recent lows? Yep, we do. Nothing is certain though. But we are not expecting a close outside that channel. The price will probably stay above $1600.
Good luck with trading.
Who freaked out yesterday during the dump.
A lot of people did, and if you were also, that's totally normal.
However, we've seen this play out over and over again. It looks like a movie you know the end right from the beginning.
At the end of the trading day yesterday, ETH closed right in its channel as we expected it would.
If you ask us this very moment what the next level to keep some profit is, we'll suggest the $2100 mark. This could change as things unfold in the coming days.
And do we think the price of ETH will retest recent lows? Yep, we do. Nothing is certain though. But we are not expecting a close outside that channel. The price will probably stay above $1600.
Good luck with trading.
