You definitely remember that in the previous analyzes of Ethereum, it was mentioned that what ranges we can see in unimaginable low prices!
Currently, we have entered 2023 and no specific changes in price and volume can be observed, of course, it goes without saying that the annual candle of Bitcoin has been closed in the worst possible way, in the form of a downward engulfment!
There is still no change in my personal opinion about the path that Ethereum is taking, and it still seems that Bitcoin and Ethereum are on the path of an endless correction!
Be careful that what is meant by endless is so hard and long that it may cause many traders to be kicked out of the market during this time!
Of course, this analysis is in a monthly time frame and it will definitely take a lot of time to cover the path specified in the chart!
If the $880 range is lost for Ethereum, figures such as $88 will be available in the long term, this analysis is in the monthly time frame and will not be updated until the signs of returning above the 2200 levels are seen!
The current view is still bearish and any high means entering a sale transaction or exiting a purchase transaction, please consider your personal trading setup to take advantage of this analysis.
To get a deal with the help of this analysis, pay attention to risk and capital management as much as possible!
Currently, we have entered 2023 and no specific changes in price and volume can be observed, of course, it goes without saying that the annual candle of Bitcoin has been closed in the worst possible way, in the form of a downward engulfment!
There is still no change in my personal opinion about the path that Ethereum is taking, and it still seems that Bitcoin and Ethereum are on the path of an endless correction!
Be careful that what is meant by endless is so hard and long that it may cause many traders to be kicked out of the market during this time!
Of course, this analysis is in a monthly time frame and it will definitely take a lot of time to cover the path specified in the chart!
If the $880 range is lost for Ethereum, figures such as $88 will be available in the long term, this analysis is in the monthly time frame and will not be updated until the signs of returning above the 2200 levels are seen!
The current view is still bearish and any high means entering a sale transaction or exiting a purchase transaction, please consider your personal trading setup to take advantage of this analysis.
To get a deal with the help of this analysis, pay attention to risk and capital management as much as possible!