$ETH is currently correcting from recent high, but there is no need to worry.
Multiple fair value gaps (F.V.G) exists. Where the price is likely to find support before resuming its upward trend. This correction could be a good long entry opportunity.
However, if ETH falls below $2,900 potential downside is expected!
$ATOM /USDT is approaching a critical point after a prolonged accumulation period. If the price successfully breaks and close above the highlighted horizontal resistance zone, we could see significant upward momentum with potential target as follow:
Target 1: $6.5 Target 2: $8.0 Target 3: $10.7
This setup will be invalidated if the price drops below the key support level of $4.7.