Hello Traders
Please find a link below to my related idea where I started discussing ETH moving lower.
Continuing from that analysis, we were unable to hold and close above 2000 and we are now searching new support.
From a chart perspective, if we are unable to close daily candles above the current support and golden fib line 0,618 (roughly 1950), we will retest 1700.
According to technical indicators, we might go as low as 1500 in the near term.
Thank you for watching and feel free to leave a comment.
Trade safe,
Evelyn
Please find a link below to my related idea where I started discussing ETH moving lower.
Continuing from that analysis, we were unable to hold and close above 2000 and we are now searching new support.
From a chart perspective, if we are unable to close daily candles above the current support and golden fib line 0,618 (roughly 1950), we will retest 1700.
According to technical indicators, we might go as low as 1500 in the near term.
Thank you for watching and feel free to leave a comment.
Trade safe,
Evelyn
