ETH played out as expected, the 2,400 target is already hit after holding the 2,100–2,150 zone I mentioned earlier, similar to how BTC held 72K and moved higher. Now price is sitting around the EMA and if it holds here, a move toward 2,600–2,800 is possible, but I still see this as a relief rally, not a real trend reversal. My higher timeframe view hasn’t changed, I remain bearish overall and will look to add more short positions in that higher range.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.