Ethereum into 2022 - Fibonacci levels
Quick update on ETH here....
its dominance is growing, less and less ETH available to exchanges could see the price rocket, huge fund advisors like Pal going very bullish
but lets just assess the situation first, we saw flash crash last friday just outside midweek market hours and if bears take control, we need to see where ETH is likely to follow..
fib levels are my steady go to, already with a spike hitting the 38.2% level, will it go further south? still very dependant on bitcoin but dollar strength will play a part as DXY grows (see other chart)
keep an eye on 9pm UTC and the market opens that come monday, these markets might make all the news if these defaults hit in hard!
have a powerful week ahead and festive wishes for last of 2021
its dominance is growing, less and less ETH available to exchanges could see the price rocket, huge fund advisors like Pal going very bullish
but lets just assess the situation first, we saw flash crash last friday just outside midweek market hours and if bears take control, we need to see where ETH is likely to follow..
fib levels are my steady go to, already with a spike hitting the 38.2% level, will it go further south? still very dependant on bitcoin but dollar strength will play a part as DXY grows (see other chart)
keep an eye on 9pm UTC and the market opens that come monday, these markets might make all the news if these defaults hit in hard!
have a powerful week ahead and festive wishes for last of 2021
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