Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
The target of ETH price correction has been reached (Short-term)
Ethereum
Long
The target of ETH price correction has been reached (Short-term)
By Analyst_YuShiuanChen
Follow
Follow
Updated
Apr 11, 2022
3
3
3
Apr 10, 2022
The target of ETH price correction has been reached (Short-term)
ETHUSD
BTCUSD
From a technical analysis, the target of ETH price correction has been reached (Short-term).
Critical Pressure: 3550 USD
Critical neckline: 3410 USD (M head)
First target price of bears: 3290 USD (Correction)
Second target price of bears: 3170 USD (Correction)
First target price of bulls: 3930 USD (If price can break up 3550 USD)
--------------------------
Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)
Apr 11, 2022
Note
2022/4/11 updating:
Whales and miners get ready for the next phase - "raise prices, then sell chips"
Whales and miners have been very active lately (See the Whale Ratio and MPI) and they get ready for the next phase.
The signal for the initial sell-off phase has emerged, that is "raise prices, then sell chips".
However, based on historical experience, prices may fall first (correction or long-squeeze) and then turn upward.
Huge volatility is coming, please be aware of the risk of volatility and enjoy it.
Btw, market data like Exchange Reserve and ETH 2.0 Staked is still very good in the long run.
upload.cc/i1/2022/04/11/yv2gd3.png
Apr 11, 2022
Note
2022/4/11:
The signal for the initial sell-off phase has emerged, that is "raise prices, then sell chips".
However, based on historical experience, prices may fall first (correction or long-squeeze) and then turn upward.
Huge volatility is coming, please be aware of the risk of volatility and enjoy it.
upload.cc/i1/2022/04/11/LBj7vw.png
Beyond Technical Analysis
breakup
BTCUSD
ETH
Ethereum (Cryptocurrency)
Technical Indicators
pricetarget
Technical Analysis
Trend Analysis
whales
Analyst_YuShiuanChen
Follow
Also on:
Related publications
2022/3/25 Huge market volatility is looming... BTCÐ
by Analyst_YuShiuanChen
The ETH market may outperform BTC market in the short term
by Analyst_YuShiuanChen
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
.