Hello all. Here is a quick, and one of the shortest ethereum analysis I ever posted.
I believe ethereum will go to $2500 and retest this level within a month or two. This is a major psychological level and corresponds with the Fibonacci retracement golden pocket.
From a trend analysis standpoint we have the measured move of the falling wedge pattern also targeting the $2500. This will be another 50% move up.
I believe we will see this scenario playing out first before any further drop below the $1440.
Keep an eye on the $1800 resistance and the $1440 support levels. These levels will reveal the next ethereum move.
Thanks for reading, and stay tuned. Enjoy.
I believe ethereum will go to $2500 and retest this level within a month or two. This is a major psychological level and corresponds with the Fibonacci retracement golden pocket.
From a trend analysis standpoint we have the measured move of the falling wedge pattern also targeting the $2500. This will be another 50% move up.
I believe we will see this scenario playing out first before any further drop below the $1440.
Keep an eye on the $1800 resistance and the $1440 support levels. These levels will reveal the next ethereum move.
Thanks for reading, and stay tuned. Enjoy.