lot of people had lost money buying YFII and investing in scam coins and wanted to recover their losses,
Whales had been defending this 1.9k level multiple times.
Everytime, it drops below 1.9k , it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy ethereum at the dip.
Ethereum had made a fakeout or an inverse head and it faked out of the range.
It made an inverse head, and closed back into the range.
This is a bullish formation whereby ethusdt made a fake up before going up.
Now , ethereum is doing a small correction before going up to 2.8k.
This is very bullish .
This should be the macro bottom for ethereum.
Hence, eth should moon from here and target 2.8k .
This is not a signal and do not follow but a trade idea.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach
Whales had been defending this 1.9k level multiple times.
Everytime, it drops below 1.9k , it will rebounce back, this shows a sign of strength where whales are accumulating.
This might be your last chance to buy ethereum at the dip.
Ethereum had made a fakeout or an inverse head and it faked out of the range.
It made an inverse head, and closed back into the range.
This is a bullish formation whereby ethusdt made a fake up before going up.
Now , ethereum is doing a small correction before going up to 2.8k.
This is very bullish .
This should be the macro bottom for ethereum.
Hence, eth should moon from here and target 2.8k .
This is not a signal and do not follow but a trade idea.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach