Crypto analyst publishes Ethereum warning and says, ETH is approaching its first "trouble zone" - Here are his targets - Daily Hodl
Famous cryptocurrency is leaning towards a bearish stance against #Ethereum (ETH), despite the digital asset's recent show of strength.
In a new strategy session, a trusted crypto trader under the pseudonym crypto trader informed the 441,400 followers of social media platform X that Ethereum is rapidly approaching the trouble zone when paired with bitcoin (BTC).
the analyst's charts suggest that the Ethereum/Bitcoin (ETH/BTC) pair could fall by around 20% from current levels.
At the time of writing, Ethereum is trading at 0.0369300 #BTC ($BTC As for the Ethereum/US dollar pair, analysts believe that if #ETH fails to overcome resistance around 44,000, the second-largest digital asset could fall about 24% from its current level and return to its last recorded price in early May 11.
a pullback here and a low high combined with a correction of about 10% from BTC would boost weekly demand, giving us our primary buying zone at $2,700-$BTC As for bitcoin, analysts say the cryptocurrency is poised for a significant price correction before heading even higher.
Obviously I still believe it's finally moving towards the $100,000 mark, but now the chart has changed and a move below 994,000 opens the door for a more important downward movement.
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