InvestMate|Ethereum ready for the growth?💲

💲Ethereum ready for the growth?

💲Eth has already been in a culmination of a good few months.

💲For the fall of the FTX exchange, it has not reacted as violently as Bitcoin.

💲The price defended its lows after which the price also made a test of the double bottom from which the upward breakout occurred.

💲In the vicinity of the recent lows, I determined a support zone based on two fibo levels.

💲The first is the 0.786 level of the entire upward wave from the June bottom to the July peak. The second level is also the 0.786 level, this time of the entire upward wave from the covid bottom to ath.

💲The closest line of resistance is the zone defined by the cluster of 3 fibo levels.

💲The first level is the 0.5 level of the entire downward wave from the July peak to the current bottom the second level is the 0.618 level of the same wave and the third level is the 0.382 level of the entire upward wave from the June bottom to the July peak.

💲The scenario I'm playing out is to wait for the first strong reaction from buyers to join the movement and watch how the price will start to behave in the first resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💲*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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