🔥 Ethereum Potential Reversal On The Horizon

I'm still bullish in the near term. Just like BTC, ETH is currently seeing a bearish move, losing almost all the gains it made this week.

I'm not expecting much more downside. With the help of the Fibonacci tool I've indicated an Reversal Zone, right within the Goldilocks Zone (the area between the 0.382 and 0.618 Fibonacci retracements) of the longer-term bullish move.

In case of reversal, I'm expecting a move towards $3600 in the next week or so.

on the other hand, it's till possible that ETH will keep falling. The first major support will be at $3200. I'd be surprised if we go below that in the near future.

Happy trading!