ETH about to make one more leg down
Yes, still bearish.
CPI gave us some good news, but market is still heavily bearish and there's still plenty of liquidity to collect from longs below current price.
ETH did not even break 1,000$ levels, but it will - main target from here is 950$ and then gradually lower, to finish off capitulation.
FTX fiasco had to happen to facilitate the last capitulation event, before we can really start looking for longs!
All important levels are on the chart - you can use them as support / resistance zones. They are based of Supply & Demand zones + Fib levels (looking for confluence).
CPI gave us some good news, but market is still heavily bearish and there's still plenty of liquidity to collect from longs below current price.
ETH did not even break 1,000$ levels, but it will - main target from here is 950$ and then gradually lower, to finish off capitulation.
FTX fiasco had to happen to facilitate the last capitulation event, before we can really start looking for longs!
All important levels are on the chart - you can use them as support / resistance zones. They are based of Supply & Demand zones + Fib levels (looking for confluence).
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