Ethereum
Long
Updated

Ethereum - The Perfect Crypto Trade!

2 438
Ethereum (ETHUSD) is retesting massive support:

snapshot

Click chart above to see the detailed analysis👆🏻

For the past four years, Ethereum has overall been trading sideways with significant swings towards the upside and downside. As we are speaking, Ethereum is retesting a significant confluence of support and if the bullrun actually continues, Ethereum will rally parabolically.

Levels to watch: $2.000, $4.000

Keep your long term vision,
Philip (BasicTrading)
Trade active
Trading update on Ethereum (ETHUSD):

snapshot

Click chart above to see the detailed analysis👆🏻

It is quite impressive to see all major cryptocurrencies actually withstanding the significant stock market sell off. This is clearly a sign of strength and now it all just comes down to Ethereum being able to climb back above the major sructure and confluence of support.

Levels to watch: $2.000, $4.000

Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Ethereum (ETHUSD):

snapshot

Click chart above to see the detailed analysis👆🏻

After literally slicing through the major horizontal level without any confirmation or rejection on the smaller timeframe, Ethereum is now retesting again a major support area. If this level doesn't finally hold though, another drop of -40% is quite expected tbh.

Levels to watch: $1.500, $4.000

Keep your long term vision,
Philip (BasicTrading)

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