Correction Complete? ETH just went through a healthy 20% correction, which can be a good thing. It shakes out weak hands and sets the stage for a potential rebound.
* Support Zone Re-Test: We're now watching how ETH reacts to a key support zone. A strong bounce here could signal a bullish reversal.
* Eyes on ATHs: If this support holds and we see a breakout, the next big target could be those all-time highs!
Swallow Team's Take:
The Swallow Team is keeping a close eye on ETH's movements. They've been DCA-ing (dollar-cost averaging) their spot ETH positions, buying a little bit at a time to smooth out their entry price.
What to Watch For:
* Buyer Dominance: The key is to see strong buying pressure pushing ETH higher.
* Bounce Zone Break: A decisive break above the recent bounce zone would be a bullish signal.
* EMA Rejections: The Swallow Team is looking for rejections at key EMAs (Exponential Moving Averages) as indicators of potential price reversals.
Remember, this is not financial advice. Always do your own research and invest wisely!
#ETH #Investing #SupportZone #BullishReversal #PotentialGain
Disclaimer: This is not financial advice.
