ETHEREUM - Support technically, still a mess Fundamentally
Crypto Market is still messed up. Confidence is low and investors are worried to say the least, after the FTX fiasco.
Will regulators step in and will that be a good or a bad thing (gonna be grey...)
For now:
Ehereum has support at the end of the descending channel and a rebound to 1167(mid) and 1240 (upper) is expected. The most probable scenario.
In case of a lost 1089 level (lower side of the channel) then inevitably the price will travel lower to 1020-1022 support or even as low as 977 where the Big All Time support lies.
One Love,
the FXPROFESSOR
Will regulators step in and will that be a good or a bad thing (gonna be grey...)
For now:
Ehereum has support at the end of the descending channel and a rebound to 1167(mid) and 1240 (upper) is expected. The most probable scenario.
In case of a lost 1089 level (lower side of the channel) then inevitably the price will travel lower to 1020-1022 support or even as low as 977 where the Big All Time support lies.
One Love,
the FXPROFESSOR
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