$ETH Price in Precarious Position 1550?
Ethereum did exactly what we predicted in the previous post and experienced a drawdown to around $1750 support. This sets 
ETH up for a potential relief rally back up to $2000 which is what I expect potentially over the weekend. That said, ETH is in a precarious position and if $1750 doesn't hold we could see a near-term drawdown to $1550. That will be my next accumulation point for long-term holdings.
ETH up for a potential relief rally back up to $2000 which is what I expect potentially over the weekend. That said, ETH is in a precarious position and if $1750 doesn't hold we could see a near-term drawdown to $1550. That will be my next accumulation point for long-term holdings.
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.