#Ethereum #ETH $ETH

Overview of ETH from 17.02 to 23.02

The situation with Ethereum is similar to Bitcoin; we have broken the trend line and are starting to reverse. At the moment, EMA50 and EMA200 are pressing from both sides. We are waiting for a move into the 2850-2900 zone next week. A lot of shorts have accumulated, which I mentioned in my last post about ETH. Based on this, we expect long-term growth. After reaching 2900, there may be a new bounce to 2500, from where I will fully start accumulating my position in the medium term.

According to the liquidation map, there are also two zones: 2800 and 2500.

In summary, I expect growth to 2800-2900 and from there, I will consider a short to the lower boundary. If we break and hold above 2900, I will play long in the short term.

Wishing everyone profit and a good rest!