$ETH Short Term Outlook: Negative

٢٥ مايو ٢٠٢٢

Continuing to use the same Ethereum chart that has served us well, ETH looks poised to break current weak support around $1950. Rallies above 2K have not been sustained confirming the weak short-term outlook. I place around 75% odds that we experience a breakdown to around $1750 support in the next 5 days. $1750 is an accumulation point for me in my long-term ETH holdings.