ETH/USD: Bullish Long-Term Outlook Amidst Short-Term Volatility
Hello Everyone,
Despite recent downturns and fluctuations, Ethereum (ETH/USD) remains a favorable investment opportunity on weekly to yearly timeframes, displaying a bullish outlook in the long run. However, on the daily timeframe, it appears bearish in the short to medium term, while maintaining a bullish long-term perspective. The current trend on the daily timeframe is neutral, with potential support testing ahead as we are currently below the daily Pivot Point (PP). The next potential move could involve further support testing unless the daily PP acts as a support level. Presently, the price is nearing strong monthly support levels at 3360.476 and 3075.471.
TradeWithTheTrend3344
Despite recent downturns and fluctuations, Ethereum (ETH/USD) remains a favorable investment opportunity on weekly to yearly timeframes, displaying a bullish outlook in the long run. However, on the daily timeframe, it appears bearish in the short to medium term, while maintaining a bullish long-term perspective. The current trend on the daily timeframe is neutral, with potential support testing ahead as we are currently below the daily Pivot Point (PP). The next potential move could involve further support testing unless the daily PP acts as a support level. Presently, the price is nearing strong monthly support levels at 3360.476 and 3075.471.
TradeWithTheTrend3344