Hello Traders,
Ethereum is close to an important moment. There are only a few weeks to go through an important downtrend line and it is above a strong support level.
We have two interesting scenarios and both are capable of offering great options for swing operations:
The first and most optimistic is if the price crosses the long-term downtrend line. If that happens, it is likely that at least the price will be corrected from the previous downward movement to 0.382 Fibonacci or, in other words, it would increase by about 60% just for the next fibonacci level.
Second, if the price falls below the support line. It would be expected that the asset will test the last weekly fund again. Which can mean a chain of approximately 30%.
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Ethereum is close to an important moment. There are only a few weeks to go through an important downtrend line and it is above a strong support level.
We have two interesting scenarios and both are capable of offering great options for swing operations:
The first and most optimistic is if the price crosses the long-term downtrend line. If that happens, it is likely that at least the price will be corrected from the previous downward movement to 0.382 Fibonacci or, in other words, it would increase by about 60% just for the next fibonacci level.
Second, if the price falls below the support line. It would be expected that the asset will test the last weekly fund again. Which can mean a chain of approximately 30%.
Please like this post and leave your comment.
You are welcome to follow us on our social networks.