I'm expecting further correction ahead; first support at 3950 followed by the lower trend average. If we break LTA the price could continue to drop to 3600.
Based on a previous correction in September,
ETH dropped nearly $1000 before bulls took over.
Assuming a high of ~4750 before the daily chaikin crossover would put us around 3750 (LTA). Factoring in weekly MACD convergence could put us around 3600. Zone highlighted.
Based on a previous correction in September,
ETH dropped nearly $1000 before bulls took over. Assuming a high of ~4750 before the daily chaikin crossover would put us around 3750 (LTA). Factoring in weekly MACD convergence could put us around 3600. Zone highlighted.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.