Ethusdcrypto
EthUsd approaching sell zoneAs it was normal, after reaching 2200, EthUsd has started to correct higher.
At the moment of writing, Ethereum is at 2700, exactly at last week's high, and is entering my sell zone
This resistance extends to 2950-3000 and a new dive is probable in the next days.
I still expect a visit to 1800 and only if I see sustained buying above 3k I will change my bearish opinion.
Ethereum- Will it drop to 1800 zone?Yesterday I said that my target for the correction is 2600 and pointed out very clearly that this is a correction, not a resumption to the up trend.
The cryptocurrency reached 2550 and reversed very strongly, trading now at 2300.
This is a very clear sign for me that EthUsd has more to fall and the most obvious support on our daily chart is 1800 zone
Ethereum to break supportAs in Bitcoin's case, bulls don't have reasons to be happy at all...
After the recent drop under 3k, Eth started to correct, but this rally was short-lived and very well capped at 3.4k. A double top has formed here and now we are sitting exactly on the neckline's support. A break here looks imminent and the cryptocurrency can accelerate losses to 3k again
Also, a continuation to the downside will confirm that a lower high is in place and EthUsd can drop to very important 2750 support
Sell rallies can be a winning strategy for this crypto and only price above 3400 would negate this scenario.
Ethereum- Continuation after testing supportLike a lot of coins, Ethereum is also in a recovery mode with the price reversing from 3k important figure.
A first leg up drove the price to 3.4k and a small leg of correction followed that move.
3.2k old resistance and congestion zone offered support for this correction and now EthUsd looks ready for a new leg up
I'm bullish as long as this support holds and I expect a test of 3.6k strong resistance
Ethereum can rise to 3650After a short-lived dip under 3k figure, EthUsd has started to rise and has regained pretty quickly 10% of its value.
This correction could continue for Ethereum and we can see it challenge 3650 important resistance.
I'm bullish as long as 3k is intact and I will look to buy dips in search of a good R: R ratio.