$ETH - Price update:
Despite the stronger price action against #bitcoin , the #ETH price will follow the king 📉
-Bearish channel [HTF]📉
-Clean breakout & retest of the 3350$ support zone📉
-Bearish breakout daily in preparation 🚨📉
Following the main trend is easier than adding 500 indicators.
In my opinion, the price is heading for the $3,100 - $3,000 support zone!🎯📉
As long as the price remain stuck in this channel & below 3400$, it should continue to fall.
Lower local supports:
3250 $ - 3120$ - 3000$ - 2800$ (zone)
Prices are still holding above the daily uptrend, but judging by the inclination of the downtrend channel, a capitulation and breakout towards $2800 is also not impossible! 🚨 (especially regarding my #bitcoin view)
On the weekly view, there is also weakness in the current trend. Judging by the #bitcoin view, I think that over the next few months the ETH price could correct towards the $2500 - $2400 level (golden pocket weekly)🚨
This makes sense if BTC also corrects towards $48,000.
Then, I hope, the bull run can begin! 🚀
A healthy correction before the mega run?🚀👀
