Hello everyone, here's my take on ETH over the next few days.
As we know, the Ethereum price is correlated to the Bitcoin price.
As I have a short-term bearish view on the latter (recovering liquidity at $60700 just before halving), I think ETH will retrace into my zone.
This is the OTE zone (between Fibonacci's 0.62 and 0.78) and a daily Order Block is present.
I'm therefore going to focus on buying in the $2800 zone, with a view to new highs.
Feel free to subscribe and boost this post if you enjoyed my analysis, and tell me what you think!
Happy trading and a great week :)
As we know, the Ethereum price is correlated to the Bitcoin price.
As I have a short-term bearish view on the latter (recovering liquidity at $60700 just before halving), I think ETH will retrace into my zone.
This is the OTE zone (between Fibonacci's 0.62 and 0.78) and a daily Order Block is present.
I'm therefore going to focus on buying in the $2800 zone, with a view to new highs.
Feel free to subscribe and boost this post if you enjoyed my analysis, and tell me what you think!
Happy trading and a great week :)