ETHEREUM: CAN THIS BE THE BOTTOM???

١٢ يونيو ٢٠٢٢

Welcome traders to the ETH update in 3 days timeframe. This update is the continuation of my previous update.

ETH got rejected from support 1 and went straight to support 2 level, where the price is stuck. This will be crucial support for ETH cause if it fails to hold this, ETH can drop up to the 1K level where we have support 3. With the big news like ETH 2.0, the recent dump is quite disappointing. Many altcoins depend on the ETH ecosystem and overall its BTC which drives the market. If both the giant coins like BTC and ETH dip then we can expect the other altcoins to follow.

We can't be 100% sure that this is the bottom but we can look at the probability. If ETH is able to hold this support 2 level then we can expect something positive coming in. Until then we better wait for the close.

What is thought on ETH? Do you think there is still room for ETH to rally higher than this? Share your ideas with me.

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Thank you.