$ETH Price Prediction 5/08/2024

ETH drops below 3k but establishes another low to potentially finalize support.

Recovery is expected at this point but continuation to 2875 (2878) remains possible.

Our goal should be 20-to-50EMA divergence -> 3125 -> 200EMA.

tradingview.com/chart/gDBkksfy/
Chart PatternsTrend Analysis

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