"ETH/USD: Is the Correction Over?
It looks like we might be nearing the end of the Ethereum correction. ๐
Key Points:
Consolidation Zone: We're eyeing a consolidation above the key zone, where the 200 MA and 200 EMA converge. Breakout Signal: A break above $2500 would strongly suggest a bullish reversal and the start of a rally. Revised Targets: Given Ethereum's weight, I've adjusted my targets. Mid-term: $4000 Conservative long-term: $6000 Optimistic long-term: $8000
What are your thoughts? Do you agree with this analysis? Let's discuss! ๐ฌ
