Ethereum Test Long Term Uptrend
The long term uptrend channel that has defined this Crypto Bill market trend from 2020 has just been tested. Price slammed down right to the 2,800 support which was also the long term uptrend lower channel. Make no mistake friends this was not supposed to happen and this is very negative for Ethereum and crypto in the short term. The odds of hitting 12k or 14k this year are going down by the hour. The next week will tell us if we break out of this channel and break the uptrend. If the channel is broken then all models and forecasts break and a new model will need to be made on the new information after this week. Hold on HODL for dear life. This are hard out there bears are calling on end to the bull market and with price in the place that it is things are not looking good at all. Many price models are at rist of breaking this week. Be carful.
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.