ETHEREUM - ETHUSD - In danger of topping out 🚨
ETHEREUM (ETH) and other major coins in the crypto space are in danger of topping out and continuing their decline. If ETH cannot break above this current high on short-term timeframes, then the bearish Fibonacci retracement and Fibonacci speed resistance fan will help drag the price further down converting $1000 as resistance.
This lines up quite well with the current DXY analysis, that I will post shortly, signalling a minimum top of 120 and reaching as far as 160. These levels call for further decline in assets due to USD strength. Going to be an interesting couple of weeks, not sure we are out of the wood works yet.
This lines up quite well with the current DXY analysis, that I will post shortly, signalling a minimum top of 120 and reaching as far as 160. These levels call for further decline in assets due to USD strength. Going to be an interesting couple of weeks, not sure we are out of the wood works yet.