still think it must test support at 2600-ish and then bounce, 3500 we will se some selling but holding support for bull run, 3800 by the 12th March could happen.
This is just a thought of what could be playing out. Next test for support at 37846, then up to 50k violently and fast by 6th of March. Once reason is Russia news is over , they go home, fed will not lift rate as much as thought, markets still sluggish as investors move to BTC, boost of new crypto investors from supper bowl adds fuel faster rise. just a thought...
Because we lost support at 2 previous lows, 2660 is the Next target low to get support for a bull run. Note the sell orders sitting at 3500, 4000, 4500, and 5K will confirm the bull run if support holds with a drop no more than 200 at each sell. 3500 should hit by 5th or 8th of March. 5000 should hit by July where we will see a correction before an explosive...
IMO ETH should test the 2650 line, then bounce and recheck support, once that is done we will hit 3500 should happen on the 5th of March give or take one day.