Panic if ETH fails to hold this level. Here's why.
Warning: our thoughts are ours; not financial advice.
According to our analysis, ETH is at the base of a channel that started on the 9th of January, 2021. There's no need to panic right now unless we break to the downside of this channel at the end of today. If this happens, ETH may fall as bad as $830
per ether according to our analysis.
However, we believe its current channel will hold and we could see a bounce pretty quickly.
Long-term, ETH still looks very bullish.
According to our analysis, ETH is at the base of a channel that started on the 9th of January, 2021. There's no need to panic right now unless we break to the downside of this channel at the end of today. If this happens, ETH may fall as bad as $830
per ether according to our analysis.
However, we believe its current channel will hold and we could see a bounce pretty quickly.
Long-term, ETH still looks very bullish.