⭐Ethereum Market Analysis Plus Signals 🔥
1. $ETH ETH has been downtrending pretty hard since the start of the year, with it being down
over 40% already… Prolonged price action under $2000 is not a good sign, would like to
see a reclaim of $2000 soon.
2. $ETH has not been able to hold breakouts recently due to volatility attributed to recent
events. ETHBTC has hit new lows as well, making it hard for ETH to perform.
3. My main scenarios for this week:
1) Look for price to reclaim the $2000 level for a reclaim into previous range levels,
where we can see a better decision being made for a breakout. Good target levels
are the $2060, $2120, and $2160 levels.
2) Look for a price to breakdown at $1840. This would lead to a breakdown of a
crucial level that could lead us to new lows. Good levels below are $1800, $1750,
and $1680. This would continue our current correction and seek to form lows
elsewhere.