ETH retracement stage

After making new HH at 189.54$, Ethereum started retracement stage. If everything will happen as before, after two impulse moves up and forming top with lower high, there should be a pullback to 0.5 Fibonacci level - equal to 169$ at the chart. Possible dip lower to 0.382 Fib level at 164$ - that would be an amazing long position entry. Short zones at 180, 182$ and 184$. Stop loss at 187$.

Support: 175 / 169 / 164 / 158
Resistance: 180 - 184 - 187 - 195

Week chart with exponential moving averages show, that ETH is reversing from downtrend, but another pullback is possible. Final target for this move is 150-155$, but that may take several weeks.

Comment:

Moved lower as forecasted. Now 175-176 is resistance

Comment:

ETH forecast success - bounced from 169 support and hit 183 (at the moment). Bullish volume, bullish candle. Everything is bullish here at 4H chart. But day timeframe still ask for caution approach. If day close below 180, we may expect pullback. If above, there will be a chance for breakout to ~200$.

Yesterday forecast: Now at pivot 172. Same idea as with BTC - pullback to 169-170, then bounce to 175-176 (then retest 170).

Support: 170 ✅ 164 / 158 / 122
Resistance: 180 ✅ 184 - 187

Trade closed: target reached:

ETH bullish forecast from April 22nd worked out. Now, same as BTC, ETH is heading towards next resistance at 218 - 224$

April 22nd forecast: If day close below 180, we may expect pullback. If above, there will be a chance for breakout to ~200$ ✅

🛒 Support: 198 - 187 - 180 - 170
🎯 Resistance: 218 - 224 - 239 - 250