Ripple in short term gonna see 160-165$ resistance
With the arrival of large and institutional investors with long-term strategies, market liquidity will decrease also all these corrections and fluctuations happened after 20,000$ prove my point that market liquidity will decrease more and more in 2021 until millions of small investors arrive then we would have a sharp fall in BTC price(100,000$) when 2022 started....
By analysis the moving average 12.000$ is not far from BTC in next few days.
It seems like there is no strong support for ETH for crossing 400$ in next few days so buyers would become disappointed and start to sell their ETH then price would drop to 366$ and even 311$. In the other hand if ETH cross 400$ there would be no strong resistance till 480$.
It seems like nothing can stop gold in near future except new financial and monetary decisions by federal reserves to save dollar value and economic growth or new way to stop Covid-19.
WE NEED PATIENCE FOR ETH.
Here we can see just the same signal that ETH had on Dec 2017 so in long-term ETH price can move too 800-900$. Also Global economy is not in a good situation but new researches can help financial markets soon.
As market volume and moving average show price would rise to 244 again but gonna see a strong resistance there.
As I said on 2 Jul you could became ready for short position and sell your ETH at 246-249 and now I think we have a good opportunity for sell and wait till market get corrected and then buy at 220-225 for next trade.
If 234 and 238 support by market as it happened at 234 and 229 ETH price can easily fly to 253. But 253 can be a strong resistance and break the trend line. For those who bought between 218 to 225, 253 could be a good point.
228 was a strong resistance but it's seems like 232 is not that much strong