Ethereum will be reaching 2808$ in coming days before month May is closed.
ETH almost reached main liquidity zone for this rally and also 200MA. As soon this level is done - expect another market crash in June.
Next crash will be super fast and most of altcoins will drop even lower.
Target for ETH in month of June is between 1100$ and 1300$.
After this crash we will see altcoin season and ETH will lead it.
We are entering last phase of a bull run. There are about 3 months left before we enter a bear market officially.
Here is previous idea from 1300$ to 2808$
ETH almost reached main liquidity zone for this rally and also 200MA. As soon this level is done - expect another market crash in June.
Next crash will be super fast and most of altcoins will drop even lower.
Target for ETH in month of June is between 1100$ and 1300$.
After this crash we will see altcoin season and ETH will lead it.
We are entering last phase of a bull run. There are about 3 months left before we enter a bear market officially.
Here is previous idea from 1300$ to 2808$
Trade active
Ethereum is getting ready to touch 2808$. Target that i'v set earlier this year.After target reached ETH will, not if, will drop lower in June.
Be ready for huge volatility.
Note
Market is finishing its 2 month long consolidation.Since may to June we had a contraction zone. Then zone expansion began. It tested upper zone and lower zone.
Righ now Ethereum has reached last liquidity zone before down trend begins.
Now expect fast and sudden move to the downside.
Target still is ~1080$
Order cancelled
idea is ivalid
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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.