Ethereum

$ETH Price Prediction 02/05/2022

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Price held in much better than expected as we managed to close above 3k on a few H4 candles. Unfortunately this could just be another neckline top.

Current consolidation looks to test this area with 200EMA acting as a safety gap. A close (likely H4) below this line could signify further correction.

Note that yesterday's D1 close, as well as today's open, were just under 3k, a possible indication of a less successful breakout attempt.

If we maintain and flip 3k there's a chance we could push to 3200-3250.


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