Prior Resistance to be Retests as Support
As the Ethereum community is predicting $3000, $5000, $20,000+ ETH prices, I am predicting a retest of support at around $2100.
Depending on your trading time frame, I would say there is no harm in taking some profit at this level, as there can be a $400+ pullback to retest the $2100 handle as Support. I'm bullish on ETH, but just trying to counteract all of the outrageous predictions. We don't want to go straight up. We want to go up and a technically sound fasion with support levels confirmed. This would actually make crypto less volatile and attractive to institutional wave of funds coming.
Good luck everyone! HODL smart, stay stress free knowing that ETH might retest $2100. no time to panic but perhaps buy more :)
Depending on your trading time frame, I would say there is no harm in taking some profit at this level, as there can be a $400+ pullback to retest the $2100 handle as Support. I'm bullish on ETH, but just trying to counteract all of the outrageous predictions. We don't want to go straight up. We want to go up and a technically sound fasion with support levels confirmed. This would actually make crypto less volatile and attractive to institutional wave of funds coming.
Good luck everyone! HODL smart, stay stress free knowing that ETH might retest $2100. no time to panic but perhaps buy more :)
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