You have been asking for an updated analysis on Ethereum for a long time. We decided to wait until the transition to PoS is over and make a review.
From a technical point of view the situation has not changed much. We were not able to hold above the key $1700 level,
We captured buyers and shorters’ stops and showed another sharp drop. Now we are falling much faster than we are rising which is a bad sign if today's daily candle closes near to the zone (Demand 1) then I would expect this zone to be broken soon and move towards the zone (Demand 2) with targets of $1250, $1000 and at worst scenarios this upgrade is a minimum of $883. We will look for longs only after fixing above the $1700 level
From a technical point of view the situation has not changed much. We were not able to hold above the key $1700 level,
We captured buyers and shorters’ stops and showed another sharp drop. Now we are falling much faster than we are rising which is a bad sign if today's daily candle closes near to the zone (Demand 1) then I would expect this zone to be broken soon and move towards the zone (Demand 2) with targets of $1250, $1000 and at worst scenarios this upgrade is a minimum of $883. We will look for longs only after fixing above the $1700 level