Ethereum is bearish like almost all crypto market 06x0 (SHORT)

Started by OZER, Dec 12, 2021, 01:24 AM

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Ethereum recovered very quickly after last week's dump and in the long term, in my opinion, is the most bullish from all Big 4.
However, as a rising tide lifts all bouts, same a falling one sinks them, and I also expect Eth to fall if the selling pressure continues in the crypto market.
Technically speaking, since 10th November ATH , we have had lower highs on our chart and clear and strong support in 4k zone.
A fail from the bulls to hold this support could lead to further losses and a new dive to last week's low.
Also, if we consider the pattern from 10th Nov by now a symmetrical triangle, the measured target is around 3k, which also is important horizontal support.

Disclaimer: This is only my opinion and not financial advice. Do your own research before entering a trade based on my analyzes.
All content is for education purpose only, not financial advices.



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