🔷$ETH (Ethereum)
Ethereum has a very interesting picture with zones. Overall, I like how ETH moves over distance. We are holding Ethereum in the spot portfolio, and it is currently preparing for another wave of growth to $4k, and then to $9k. However, locally I do not like ETH with zones.
📈In fact, we currently have an upward structure, and it is trying to secure the zone of $1850. Securing this zone will give us the opportunity to reach $2000 or work through $1950 and poke at $2000. 🧐What I don’t like? As I said, there is a chance to reach $2k now. The structure is bullish, and below we have two zones that need to be worked through: 📉 the first zone is $1650–$1600 and the second zone is $1536. If ETH comes to $2000, and Bitcoin starts a spectacular correction, ignoring $91k, and goes down to $86k, it will be a very powerful blow to the alt sector. ETH, against the backdrop of such a fall, may break the key support of $1500 and, instead of reaching $4k, we may see $1350. Other altcoins will also be squeezed in their key supports. ☝️ I tend to lean towards further short movement with the removal of $1536 and a reversal. But keep in mind that they may draw an impulsive movement down to $1350 with an immediate buyback.