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ETH - Long-term Possible Scenarios 📈📉
Ethereum / Tether
ETH - Long-term Possible Scenarios 📈📉
By TheSignalyst
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May 7
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May 7
Hello TradingView Family / Fellow Traders,
As per my last analysis, ETH rejected the $2900 - $3000 support and traded higher.
What's next?
Scenarios:
1️⃣ Bullish
For the bulls to take full control again, a break above the last high marked in orange is needed.
In this case, a movement towards the $4000 resistance would be expected.
2️⃣ Bearish
In parallel, if the $2,900 support is broken downward, we expect a bearish movement towards the $2,400 - $2,500 demand zone.
Which scenario is more likely to happen first? and why?
📚
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