Eth might likely dump anywhere around the marked red zone to:
- First target = 443.90
- Second target = 412.16
Comment:
On the 4 hour timeframe, asides the confirmed zones which was clearly marked out, we seen a wedge formation on the chart which is a bearish reversal pattern. But first of all, I am expecting a retest on top zone according to how the movement of the market has been as you can see.
On the 4 hour timeframe, asides the confirmed zones which was clearly marked out, we seen a wedge formation on the chart which is a bearish reversal pattern. But first of all, I am expecting a retest on top zone according to how the movement of the market has been as you can see.
Comment:
On the fundamental side, I really know the how effective ETH 2.0 will be on the price movement so I am just working with clearly technical analysis.
On the daily timeframe, price is going bullish to test the resistance of the respected channel.