⚠️Ethereum(ETH) will Go Down at least ➖40%⚠️

👋Hi, everyone. I hope you have a great weekend.🥳

📈Today, I am going to analyze Ethereum(ETH) for you; since more than 80% of the Tokens in the cryptocurrency market are on the Ethereum network, I hope this analysis will give you a good insight into investing in Ethereum(ETH)and other tokens.

✅Ethereum(ETH) reacts well to the 🔴Heavy Resistance zone($2,520-$1,880)🔴 and has taken a downward trend again in recent weeks.

☠️One of the reasons for the fall of Ethereum(ETH), in addition to hitting a 🔴Heavy Resistance zone($2,520-$1,880)🔴, is the DeathCross Signal.

📚☠️Death Cross Signal☠️: The death cross appears on a chart when an asset's short-term Moving Average(MA), usually the 50-day, crosses below its long-term moving average, usually the 200-day.

💡Also, if you look carefully at my chart, the Pitchfork lines also have a good effect on Ethereum(ETH), although in order not to make the chart busy, I refrained from drawing all the lines.

🌊According to the theory of Elliott waves, Ethereum(ETH) seems to be in a Super Cycle so that the main wave 3 ended at $4,868 and Ethereum(ETH) is currently completing the main corrective wave 4.

🌊Considering that first microwave of the main wave 4 has 3 waves, it is a bit difficult to recognize the correction structure of the main wave 4, but most likely it will be a correction structure of the Double Three Correction(WXY) type.

🌊It seems that Ethereum(ETH) has completed microwave X of the main wave 4 in the 🔴Heavy Resistance zone($2,520-$1,880)🔴, which can be one of the signs of the ☠️Death Cross Signal☠️.

Now, before concluding, let's take a look at the ETHBTC chart analysis, which gives us a good idea that if the cryptocurrency market falls or rises, Ethereum(ETH) will rise or fall more or less than Bitcoin(BTC)(About 4 months ago, I shared with you the analysis of ETHBTC which is running well✅).👇

💡The chart above👆 shows that it is likely that Ethereum(ETH) will start to rise again after entering the 🟢Heavy Support zone(0.057 BTC-0.049 BTC)🟢 and 🟡Price Reversal Zone(PRZ)🟡 will be less affected if Bitcoin(BTC) falls.

🔔As a result, I expect that the Ethereum(ETH), as I explained to you, will have a downward trend(➖40%) in the next 3-4 months and will begin to rise again, at least to the 🔴Heavy Resistance zone($2,520-$1,880)🔴 as it approaches the 🟢Heavy Support zone($1,060-$744)🟢, Support line and Pitchfork lines.

🔔So it's better to invest in Tokens that are on the Ethereum network and wait for Ethereum(ETH) to at least enter the 🟢Heavy Support zone($1,060-$744)🟢, maybe Altseason will start from this zone.

🙏In the end, I have to apologize for the fact that the chart is busy, but in my opinion, all the lines and indicators were needed for your better understanding of the analysis, and I also hope that this analysis has an 📚educational📚 aspect for you.
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I would be happy to share your opinion about Ethereum(ETH) for the mid and even long-term below this post.
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Ethereum Analyze (ETHUSDT), Weekly time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.

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ความคิดเห็น:

Ethereum, considering that Bitcoin experienced good growth last month, but Ethereum failed to break the 🔴Heavy Resistance zone($2,520-$1,880)🔴.