Ethereum (ETH): 3 Possible Ways To Go

Ethereum is in the interesting spot where, after recent rejection from the bounce zone, we are now stuck in a local resistance zone, where sellers are still showing some signs of dominance but nothing clear so we are stuck in different scenarios that can happen now!

Possible Scenarios👇

SELL: As we see sellers currently showing some dominance and we still have some room to fall, we are going to wait for sellers to show proper dominance, which then would lead price to $3000

Sideways: As there is a lot of uncertainty on the markets, we might just move in the sideways channel, which would mean stable buying and selling opportunities from the bounce zone to the support zone (current market price, which will turn into proper support if buyers show dominance here).

BUY: If we see a break of the bounce zone, we are going to look for a proper movement to the upper zones, finally re-testing the major resistance zone, which then might lead the price further to the upper zones. For that, we need to break firstly the "bounce" zone!

Swallow Team