Ethereum at first major support. More downside ahead?
ETHUSDT.P Has broken down and is currently flirting with golden pocket zone of its last leg up. I believe we're likely to trade sideways as btc recovers before one final leg down. The entire market remains incredibly bullish. These support zones should be seen as buying opportunities. Next leg down will take us to the .618 of the entire move up from our previous bottom and should see a likely reversal to new ATH's
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.