Ethereum (ETH): Time To See Proper Breakout | $3000 Incoming

l’altro ieri

Ethereum is still in a sideways channel on smaller timeframes, where we are looking for the price to reach the $2,834 area. Once there, we will be monitoring closely to see either the breakout from there or another rejection and smaller ride to lower zones.

Overall we are bullish on ETH; liquidity needs to flow here now.

Swallow Academy

12 ore fa

Nota

Ethereum is doing much better compared to Bitcoin, that's for sure, but it does not mean that ETH is not struggling.

We see the pressure that sellers are putting on, trying to regain the control over the 200EMA, which is a crucial area for us right now.

So while we keep our target at $3000 (first target), we also keep close attention to that moving average, where if we lose dominance, we might be heading to lows here...