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Ethereum
Long
Oct 23, 2024
ETHEREUM: This is how it can reach 2900.
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Ethereum is trading inside a Channel Up since September 06 and today's correction came very close to its bottom.
The 4h RSI turned 23.50, extremely oversold, which is the level it hit on October 02, close to the previous bottom.
Even if the price drops some more, this is still a low risk/ high return buy opportunity.
Buy and target 2900 for a new Higher High on the Channel Up.
Relevant chart:
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